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BSE INDIAINx Ties Up With DGCX

Category: Financial Services,  News Source: Others,  Updated-On: Dec 8 2016
  • INDIAINx has signed an agreement with largest Rupee-Dollar (INR-USD) market Dubai Gold and Commodity Exchange (DGCX) on December 6, 2016 to reach out to the global traders in a wide range of products including the trading in INR-USD contract.
  • Prime Minister Narendra Modi will inaugurate BSE's India International Exchange (INDIAINx) at GIFT-City near Gandhinagar on January 9 on the occasion of Vibrant Gujarat Global Summit-2017.
  • INDIAINx has also worked out an agreement with DGCE to reach out to the global traders in a wide range of products including the trading in INRUSD contract.
  • DGCX is now the largest Rupee-Dollar (INR-USD) market, averagely trading USD 2 billion a day. 
  • INDIAINx will offer derivative exchange in rupee-dollar contracts, products on gold, silver, copper and crude oil such as the West Texas Intermediate and Brent contracts, two of the leading contracts in oil trading. 
  • DGCX is already trading 10 Indian and 5 US stock futures contracts, said Desai, supporting the INDIAINx plans.
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