V Bala is the MD & Chief Executive Officer of NSE International Exchange the leading exchange in GIFT IFSC with a market share of over 96 %. He is an exchange industry veteran with over 34 years of experience and was also part of the core team which established the NSE India the parent company of NSE IX and is the worlds largest exchange in Derivatives.
He has been instrumental in giving shape to the Capital Markets ecosystem in GIFT City IFSC and has contributed to numerous committees of government and regulators and is a thought leader on this subject.
NSE IX with the successful establishment of the Connect with SGX has migrated all the GIFT NIFTY volumes from SGX to NSEIX with effect from July 3, 2023 and over the last 15 months the contract volume has grown with cumulative trading value in this period crossing USD 1.3 Trillion Dollars and in the last 2 months of August and September 2024 achieved over USD 100 billion of trading value.
He also has been instrumental in establishing the Debt Listing framework and the GSS+ listing framework in GIFT IFSC which has crossed over USD 82 billion in listings.
In his previous role at BSE Group as Chief Business Officer and later MD&CEO of India INX from September 2009 to December 2022, he oversaw all the revenue and business initiatives covering markets, listings, data and index business and also created the BRICS Exchange Alliance initiative.
He has also been a member of the FIA Asia Board and has spoken in various international venues. He has also served as Board member in numerous MII’s including Exchanges, Depositories.
