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NSE IFSC crosses a record turnover of $100 million in one day

Contracts worth $89 mn were executed in NIFTY 50 futures

ANI  |  Mumbai (Maharashtra) [India] 

Trading volume in index derivatives crossed $100 million on IFSC Limited in a single day on November 10.

This is the first time that the volume of index derivatives in an exchange in GIFT international financial services centre (IFSC) has crossed $100 million.

Trades in 8,590 contracts worth $88.73 million were executed in 50 futures and 735 contracts worth $18.72 million were traded in contracts.

IFSC Limited, a 100 percent subsidiary of NSE, launched is trading operations at the International Financial Service Centre (IFSC) at the Gift City in on June 5, 2017.

The Exchange offers trading in index derivatives, Indian and global single-stock derivatives, gold & silver futures and non-INR currency pairs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, November 13 2017. 18:57 IST