On August 25, 2015, Multi Commodity Exchange of India Ltd. (MCX) and GIFT SEZ Ltd., a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at GIFT City signed an MoU in Mumbai for developing of an international exchange. The new platform will facilitate trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives to international investors in GIFT SEZ-IFSC. This initiative will support the vision of making India a key hub for commodity trading and would help in establishing the necessary system.
Leverage ZEMA’s sophisticated analytical functionalities to make more informed decisions. To learn more, book a complimentary ZEMA demonstration.
Effective Date: August 25, 2015