Leading stock exchange BSE has received approval from the corporate affairs ministry to establish BSE International Exchange and BSE International Clearing Corporation at Gujarat International Finance Tec (GIFT) City.
BSE had signed a Memorandum of Understanding (MoU) at the Vibrant Gujarat Global Summit in January 2015 to set up these entities at the country’s first International Financial Services Centre (IFSC) at GIFT City.
Speaking on this occasion Ashishkumar Chauhan, MD & CEO, BSE said, “BSE is already known as world’s fastest stock exchange with the speed of six microseconds. BSE’s International stock exchange will provide a platform to trade on Equity Derivatives, Commodity Derivatives Currency Derivatives, Interest rate, Derivatives for Indian and foreign investors. BSE international exchange will also provide platform for global securities listed on the international exchanges such as NYSE, LSE, NASDAQ, etc. We also have many members given expression of interest already showing the enthusiasm about the new exchange in the investors fraternity.”
Report by : Stock Market Tips
Courtesy: Financial Express