NSE and SGX make move for peace with index hub

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By GlobalCapital
07 Aug 2019

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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