GIFT IFSC snippets

Multi-Commodity Exchange of India Ltd (MCX), a leading commodity exchange in the country, will set up an international exchange at GIFT SEZ in Gandhinagar. The exchange will come up at the International Financial Services Center (IFSC) being developed at GIFT City.
The proposed international exchange will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives to international investors in GIFT IFSC.
Ajay Pandey, MD and group CEO, GIFT City, said MCX's International Exchange at GIFT City would go a long way in making India a key hub of commodity trading and help in establishing the required `eco system' for such trade.MCX's partnership with leading commodity player like CME would help establish an international exchange at GIFT City.
Another leading com modity exchange -National Commodity & Derivatives Exchange Ltd. (NCDEX) -is also in the process of setting up international commodity and derivatives exchange in GIFT IFSC.
Not just that. Stock exchanges such as the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced their plans to establish international exchanges in the IFSC.

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