Gift Nifty derivatives see record single day trading

Posted on by

Nifty Gift Derivatives On the NSE International Exchange (NSE IX), Monday saw record trading activity in a single day for the first session, with over 2,14,000 contracts and $8.5 billion in turnover. The volume of traded contracts and the value of trading is witnessing a remarkable growth compared to the volume of full operations for the first day, amounting to 33,570 contracts, and the trading volume reached $1.21 billion.

Also read: Could the city of gifts be India’s Hong Kong?

“Trading volume on NSE IX has grown significantly since the full commissioning of NSE IX-SGX GIFT Connect (The Connect) from SGX to NSE IX on July 3, 2023. Since day one of large-scale operations for Connect, Gift Nifty has seen a total cumulative volume of 7,86,636 contracts with a cumulative turnover of $30 billion. These volumes are indicative of the growing participation from international investors and the attractiveness of the agreement. Connect,” according to a press release.

An elegant gift Provides access to Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services and Gift Nifty IT Derivatives contracts on NSE IX. These contracts can be accessed for about 21 hours, which overlaps with trading hours in Asia, Europe and the United States. Gift Nifty offers one pool of liquidity and a place to access Nifty derivatives denominated in USD on NSE IX.