BSE to sStart International stock Exchange in GIFT City

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The BSE on Saturday announced that it plans to start an international stock exchange in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. "We are in the process of setting up a new international exchange in GIFT city, which will trade in equity derivatives, currency derivatives, interest rate derivatives, etc. in Gandhinagar soon. The regulatory process takes its time. 

 

These are regulatory procedures, our board has given approval, we will apply to Sebi,” said BSE managing director and CEO Ashishkumar Chauhan. Chauhan was speaking at the launch of a commemorative stamp on completion of 140 years by BSE. It was set up on July 9, 1875. 

 

"We intend to compete with Hong Kong and Singapore exchange so it (international exchange) will trade in equity derivatives, currency derivatives of not only India, but other countries also. First time international finance zone is being set up. We plan to offer all the asset classes. 

 

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