BSE-DGCX parntership

Bombay Stock Exchange’s (BSE) has formed a partnership agreement with Dubai Gold & Commodity Exchange (DGCX) to promote its new India International Exchange (INDIAINx) which will be inaugurated on January 9, 2017.

INDIAINx will be based in the tax-free Gujarat International Finance Tec (GIFT) City for international traders, including non-resident Indians, said BSE Chief Business Officer, V. Balasubramaniam.

INDIAINx will have a wide range of products from DGCX including the INR-USD contract.

“We are pleased to announce the tie up with DGCX to mutually, on reciprocal basis, exchange our price feed and product licence agreements,” Balasubramaniam said at the FIA Asia Derivative Conference being held 6-8 December in Singapore.

DGCX trades BSE’s SENSEX.

“Now we are looking at expanding the corporation to more products including currencies, commodities, derivatives and others,” said Balasubramaniam, adding BSE/INDIAINx and DGCX will also jointly develop new products. fii-news.com