An International Financial Services Centre (IFSC) is set up at Gandhinagar, Gujarat as a part of a Special Economic Zone (SEZ).
There are two exchanges in GIFT
India International Exchange: Fully owned subsidiary company of BSE Ltd. and
India’s first International Exchange set up at GIFT City
NSE IFSC Limited (NSE IFSC): Fully owned subsidiary company of NSE and has
received approval from SEBI to establish an international exchange in GIFT City.
SEBI has allowed OMNIBUS trade structure for GIFT city, thereby easing market access, bringing the IFSC at par with all major markets in the world. An omnibus structure allows an investor trade through a broker or service provider with confidentiality.
SMC Global (IFSC) Pvt. Ltd is registered in GIFT; it is a broker as well as a clearing member of both the above mentioned exchanges.
For the past two years the focus at SMC has been at building superior trading infrastructure and platform to offer the same to its Foreign Portfolio Investor clients. We have build a strong team, with world class infrastructure acquired from one of the world’s best vendors We already have FPI clients trading with us and we were able to get them running within a month.