Page 10 - Bullion World Issue 7 November 2021
P. 10

Bullion World | Issue 07 | November 2021




           Success Mantra for


           IIBX: Integrate


           Domestic Players


           and Facilitate


           Seamless Two-way



           Trade





                                                                             India International Bullion
                                                                             Exchange (IIBX) would become
                                                                             functional soon. For the first
                                                                             time, three leading exchanges
                                                                             of India-competitors otherwise-
                                                                             along with two depositories have
                                                                             come together to create IIBX. So,
                                                                             IIBX would have the benefit of
                                                                             knowledge, network and creativity
                                                                             of all these five giants. Second, IIBX
                                                                             housed within IFSC, would easily be
                                                                             the most cost-efficient marketplace
                                                                             for bullion in the world, given its
                                                                             comparative cost advantage over
                                                                             other international bullion centres.
                                                                             Third, IIBX is the only centre in
                                                                             the world that has access to a
                                                                             source of approximately 25,000
                                                                             tons of above-the ground gold.
                                                                             So, shall we say IIBX would be a
                                                                             resounding success? Yes, certainly




                               Mr G Srivatsava
                  CEO & Director, Eventell Global Advisory Pvt Ltd.




















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