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Media Release

Press Release

 

BSE’s India INX is the first exchange to commence trade in Gold Options contracts at IFSC

Trading to commence on Wednesday, August 30, 2017

 

Contract specifications-

                                          

  • Underlying asset- India Inx Gold Futures
  • Instrument type- OPTCOM
  • Contract value- (Strike price+ Premium)*32 USD
  • Contract Size: One India Inx Gold Futures contract
  • Minimum Tick size- USD 0.10
  • Contract months are January, March, May, July, September & November
  • Option Types- Premium Style European Call & Put options

 

Mumbai, August 12, 2017: BSE’s India INX, country’s first international exchange, today received an approval from the Securities and Exchange Board of India to commence trading in Gold Options contracts. The international exchange will be the first one in India and IFSC to commence trading from Wednesday, August 30, 2017.

 

Managing Director and Chief Executive Officer, V. Balasubramaniam said, “We are extremely delighted to be the first one to launch Gold Options contracts and commence trade within this month. The launch will enhance the overall market participation and also complement the existing futures. It will give participants an opportunity to hedge their risk without worrying about daily volatility. This instrument will give the buyer a right to buy or sell an underlier at a preset price on a future date. Considering the other gold contracts on BSE’s India INX, we are clocking daily average turnover of USD 35 Million”.

 

For more details, please refer to the below mentioned link (circular):

http://www.indiainx.com/circulars/20170812-1/20170812-1.pdf

 

About India INX

 

India Inx, a wholly-owned subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City. It is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds and operates for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe. The exchange provides a common platform for all asset classes - equities, currencies, commodities. The exchange proposes to commence offerings of depository receipts and bonds once the required infrastructure is in place.


India INX offers a diversified portfolio of products and technology services at a cost which is far more competitive to Indian exchanges as well as other global exchanges like those in Hong Kong Singapore, Dubai, London and New York. The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework. These include benefits in security transaction tax, commodity transaction tax, dividend distribution tax and long-term capital gain tax waivers and no income tax. 


For further information, please contact:

 

India INX                                                                  Adfactors PR

Rahul Vyas/Yatin Padia                                            Name:  Minakshi Mishra/ Delna Irani
Ph.: 022 22728472 / 022 22728516                     Ph: 9833320866/ 9820660467
Email: 
rahul.vyas@bseindia.com /                         Email: minakshi.mishra@adfactorspr.com/

yatin.padia@bseindia.com                                       delna@adfactorspr.com