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Bourses join hands for bullion exchange - The Hindu BusinessLine

March 01, 2021 × National Stock Exchange of India, Multi Commodity Exchange, BSE subsidiary India INX International Exchange, National Securities Depository and Central Depository Services have signed a Memorandum of Understanding for setting up Market Infrastructure Institutions comprising International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City (GIFT). This move is in line with the government’s objective to make India a price-setter in bullion trade through GIFT International Finance Service Centre. This is in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and other applicable Laws. Last October, the Centre had notified a Bullion Spot contract and Bullion Depository receipt under the IFSCA Act, 2019. Though NSE, MCX and BSE had expressed interest to set up a bullion exchange separately, the newly appointed regulator the International Financial Services Centre Au

MCX signs MoU with NSE, India INX, NSDL and CDSL to set up new entity at GIFT City

International Bullion Exchange will be ready by year end - The Hindu BusinessLine

‘International Bullion Exchange will be ready by year end’ February 12, 2021 Injeti Srinivas, Chairman IFSC Authority   -  The Hindu× Exchange to come under a consortium comprising BSE, NSE, MCX, NSDL and CDSL India s first International Bullion Exchange will take shape by the end of this year and the market infrastructure institutions (MIIs) will form a consortium to make a single entity operating the bullion exchange. “The regulations for the international bullion exchange have been notified and the international bullion exchange will come up by this year,” informed Injeti Srinivas, Chairman IFSC Authority on Friday. The Chairman of the unified regulator of the IFSCs stated that the Exchange will operate with delivery-based model for allocated and unallocated bullion. However, there will be underlying security backing the unallocated bullion, Srinivas further added.

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