Tuesday, April 16, 2024
HomebusinessFeud with SGX over, world’s largest derivatives exchange eyes larger pie

Feud with SGX over, world’s largest derivatives exchange eyes larger pie

In a little more than a week from now, the Singapore Exchange’s SGX Nifty, a derivative of India’s National Stock Exchange’s (NSE) Nifty index, begins a new chapter by being traded on an NSE subsidiary in India even as it is cleared by SGX in Singapore.

From July 3, the NSE IFSC Exchange – the NSE’s unit in Gujarat International Finance Tec-City, or Gift City, a Labuan-like tax neutral financial services centre situated in Indian Prime Minister Narendra Modi’s home state – will be used for matching orders from SGX. 

Already a subscriber?

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital


No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

All subscriber-only content on ST app and straitstimes.com

Easy access any time via ST app on 1 mobile device

E-paper with 2-week archive so you won’t miss out on content that matters to you

Join ST’s Telegram channel and get the latest breaking news delivered to you.

p.st_telegram_boilerplate:before {
display: inline-block;
content: ” “;
border-radius: 6px;
height: 6px;
width: 6px;
background-color: #12239a;
margin-left: 0px;
margin-right: 13px;

a.st_boilerplate {
font-family: “SelaneWebSTForty”, Georgia, “Times New Roman”, Times, serif;

- Advertisment -

Most Popular