Transforming Financial Services in IFSC
overview
- NSE International Exchange (NSE IX) has achieved a significant milestone by becoming the first and only stock exchange at GIFT IFSC to implement a fully functional Near Site (NS) facility, going live on April 14, 2025.
- This strategic move marks a major step in strengthening operational resilience, ensuring seamless market continuity in alignment with the Business Continuity Plan (BCP) and Disaster Recovery (DR) guidelines issued by the International Financial Services Centres Authority (IFSCA).
Raising the Bar for Infrastructure Readiness
- Issued via a circular on November 16, 2022, IFSCA’s BCP-DR framework mandates all Market Infrastructure Institutions (MIIs) in IFSC to establish both a Disaster Recovery Site (DRS) and a Near Site (NS). These measures are designed to enable:
a) Zero data loss
b) Uninterrupted operations
c) Immediate recovery during contingencies
- By fulfilling this directive, NSE IX has reinforced its role as a frontrunner in infrastructure preparedness, setting a gold standard for other exchanges and clearing corporations within IFSC..
GIFT Nifty: Strong Momentum Since Inception
- Since the launch of full-scale GIFT Nifty trading on July 3, 2023, NSE IX has witnessed exceptional growth:
a) Cumulative Volume: Over 39.88 million contracts
b) Turnover: ~USD 1.76 trillion (₹151.10 trillion)
c) Market Share in IFSC Derivatives: ~99.7%
- NSE IX continues to drive liquidity and investor participation, further establishing its dominance in the GIFT City financial ecosystem.
CONCLUSION
- The successful implementation of the Near Site facility is more than a technical milestone — it’s a reaffirmation of NSE IX’s unwavering commitment to:
a) Regulatory excellence
b) Market robustness
c) Investor trust
- As GIFT City evolves into a global financial hub, NSE IX leads the way — delivering future-ready infrastructure, today.
