NSE-SGX Trading Link: India’s National Stock Exchange Ltd. and Singapore Exchange Ltd. are working to formalise the real-time connection between the two bourses by April for offshore derivative trading, according to a person aware of the details.
SGX
NSE-SGX Arbitration Order Unlikely This Year
Gold Silver Reports (GSR) – NSE-SGX Arbitration Order Unlikely This Year — The dispute stems from NSE’s decision to terminate its data-sharing pact with its Singapore partner. The Indian bourse, along with two other domestic exchanges, decided to stop sharing data with foreign peers to prevent volumes from shifting overseas and to promote trading in GIFT City, the international financial hub in Gujarat. Since such contracts are used by foreign investors to hedge their position in India, SGX decided to offer derivatives mirroring NSE’s indices based on public data.
NSE sues SGX on its Nifty-Based India Futures, Options
Gold Silver Reports (GSR) – NSE sues SGX on its Nifty-Based India Futures, Options — Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, including futures and options, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.
SGX To Migrate All Nifty Positions To New Indian Derivatives From June 4
Gold Silver Reports (GSR) – SGX To Migrate All Nifty Positions To New Indian Derivatives From June 4 — Participants who don’t wish to be part of this migration should close out their positions before June 1, SGX said in a communication to its clients. The exchange had earlier announced the launch of three new contracts on Nifty SGX India Futures, SGX Options on SGX India Futures and SGX India Bank Futures.
SGX To List New Indian Derivatives In June
Gold Silver Reports (GSR) – SGX To List New Indian Derivatives In June — These new products will replace SGX’s existing Nifty futures, which face an uncertain future after August following a decision by India’s stock exchanges to stop supporting offshore derivatives linked to their benchmark indices.
Singapore Bourse to Ease Rules in Pursuit of Tech IPOs
Gold Silver Reports (GSR) – Singapore Bourse to Ease Rules in Pursuit of Tech IPOs — Singapore Exchange Ltd. is stepping up efforts to bring technology companies to its market.
SGX to list Nifty Successor Products Before August
Gold Silver Reports – SGX to list Nifty Successor Products Before August – Singapore Exchange (SGX) on Monday said it will list successor products to its Nifty family of derivative products before August 2018, when its license agreement with National Stock Exchange (NSE) of India expires.