NSE IX Launches U.S. Stock Access Under Global Access Platform

NSE International Exchange (NSE IX) has gone live with access to U.S. markets as the first phase of its Global Access platform, enabling Indian investors to trade in overseas equities within the regulatory framework of the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), V Balasubramaniam said in an interview to Moneycontrol.

Balasubramaniam said NSE IX plans to expand access to more than 30 international markets over the next three to six months. “To begin with, immediately we have gone live for the U.S. markets,” he told Moneycontrol.

Investments Under LRS Framework

Under the LRS framework, resident individuals are permitted to remit up to $250,000 per financial year for permitted transactions, including overseas investments, as per RBI regulations. Balasubramaniam said all transactions executed on the platform will comply with LRS rules.

He stated that investments will be denominated in U.S. dollars. Funds remitted from India will be converted into dollars and credited to a designated bank account in GIFT City before trading.

The onboarding process is fully digital, using Aadhaar authentication, PAN verification and DigiLocker, according to the interview. Once funds are remitted, trading limits are reflected in the investor’s account.

Fractional Trading And Product Scope

A key feature of the platform is fractional investing, allowing investors to buy a portion of high-value U.S. stocks such as Apple and Microsoft instead of purchasing a full share. Balasubramaniam told Moneycontrol that investors can place value-based buy orders, subject to LRS limits.

The platform currently allows investments in overseas equities and exchange-traded funds permitted under LRS. Derivatives and digital asset products are not enabled, he said.

Trading Volumes At GIFT City

Balasubramaniam said the exchange records an average monthly turnover of over $100 billion in its GIFT Nifty derivatives contract, translating to more than $5 billion in average daily trading volume, following the migration of offshore trading.

With U.S. market access now operational and additional markets planned over the next six months, NSE IX has expanded outbound investment access for resident Indian investors within RBI guidelines, as detailed in the Moneycontrol interview.