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BSE plans to start international exchange early next year

It has received approval from the government to set up BSE International Exchange and BSE International Clearing Corporation at Gujarat International Finance Tec-city (GIFT).

twitter-logoPTI | August 12, 2016 | Updated 08:19 IST
BSE plans to start international exchange early next year

Leading bourse BSE on Thursday said it plans to start operations of the newly registered international exchange early next year.

It has received approval from the government to set up BSE International Exchange and BSE International Clearing Corporation at Gujarat International Finance Tec-city (GIFT).

"We are going to start operations of this exchange from early next year," BSE Chief Business Officer V Balasubramaniam told PTI.

According to him, permissions would be soon sought for launching products at the new exchange.

"We are planning to offer all kind of products including in commodities, equities and currencies (segments)...," he said while speaking on the sidelines of the International Gold Convention.

In January 2015, BSE had signed an MoU with GIFT SEZ Ltd to set up the two entities at the GIFT city -- India's first International Financial Services Centre (IFSC).

Earlier in the day, BSE said its international stock exchange would provide a platform to trade on equity derivatives, commodity derivatives, currency derivatives, interest rate derivatives for Indian and foreign investors.

The exchange would also provide platform for global securities listed on the international exchanges such as NYSE, LSE and Nasdaq.

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