NSE IX Implements Near Site Facility to Enhance Operational Resilience at GIFT IFSC

NSE International Exchange (NSE IX) has achieved a notable milestone by becoming the first and only stock exchange at GIFT IFSC to successfully implement its Near Site (NS) facility. The implementation went live on April 14, 2025 and underscores NSE IX’s proactive compliance with the Business Continuity Plan (BCP) and Disaster Recovery (DR) guidelines prescribed by the International Financial Services Centres Authority (IFSCA).

This development reinforces the exchange’s commitment to operational resilience and regulatory adherence, ensuring robust preparedness for adverse events without compromising market functioning.

Enhancing Market Infrastructure in Line with IFSCA Norms

IFSCA issued its formal BCP and DR guidelines through a circular dated November 16, 2022. According to the framework, all Market Infrastructure Institutions (MIIs) operating within IFSC must establish not only a Disaster Recovery Site (DRS) but also a Near Site (NS) to ensure zero data loss and operational continuity.

By executing this mandate, NSE IX has demonstrated leadership in infrastructure readiness, setting a benchmark for other exchanges and clearing corporations operating in IFSC.

Gratitude to Stakeholders and Technical Contributors

NSE IX acknowledged the continued regulatory support from IFSCA, along with the cooperation of its telecom service providers and technology vendors. Their combined efforts were instrumental in the successful implementation of the Near Site, ensuring seamless integration and compliance.

Growth and Leadership in GIFT Nifty Trading

Since the commencement of full-scale operations of GIFT Nifty on July 3, 2023, NSE IX has experienced significant growth in trading volumes. As of April 15, 2025, GIFT Nifty has recorded a cumulative trading volume of over 39.88 million contracts, translating to a total turnover of approximately USD 1.76 trillion (₹151.10 trillion). With a market share of ~99.7%, NSE IX has firmly established its leadership in the GIFT IFSC ecosystem.

About NSE IX

Established on 5th June 2017, NSE IX is a multi-asset international exchange located in GIFT City, Gandhinagar. Recognised by IFSCA, NSE IX offers a wide array of financial instruments, including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts, and Global Stocks.

The platform also supports the listing of a variety of primary market products such as Equity Shares, SPACs, REITs, InvITs, Debt Securities, and ESG-focused debt instruments. Additionally, with regulatory exemptions from the US CFTC and SEC, NSE IX enables participation by US investors in its derivatives segment, making it a globally integrated financial platform.

Conclusion 

The successful implementation of the Near Site reaffirms NSE IX’s commitment to regulatory compliance and market resilience. It sets a new benchmark for infrastructure readiness within GIFT IFSC.

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