NSE and SGX make move for peace with index hub
India’s National Stock Exchange and Singapore Exchange have received the initial greenlight to bring together the trading of Indian equity index products at a hub in Western India. The move aims to create a larger pool of liquidity comprising both international and Indian market participants.
In a statement, NSE and SGX said they had received a set of approved regulatory dispensations from their statutory regulators, obtaining support for their joint proposal. The NSE International Financial Service Centre-SGX Connect scheme aims to bring together the trading of Nifty products in Gujarat International Finance Tech-City....
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