V Balasubramaniam, MD-CEO, NSEIX, told CNBC-TV18, “Now Indians will be able to trade global markets through us. To begin with, immediately we are going live with the US markets as it is the bigger market of interest.”
“The exchange is currently in a soft launch phase and has prioritised the US because over 95% of trading interest is US-related, so at present we are focusing on the US market,” he added.
On the expansion roadmap, Balasubramaniam said, “In the next three to six months, we will tap into 30 new markets.” He added that this would include G7 countries.
On investor access, he said, “On our exchange, retail investors can do value-based buying or fractionalised buying. All investments on the platform will be in dollars.”
He further said that products such as ETFs, equities and debt instruments are available on the platform and that the broader objective is to make access to international markets seamless and cost-efficient.
In Phase 3, the exchange plans to enable the platform to serve institutional investors in India, he added.
