SGX-NSE dispute spooks investors

The Singapore Exchange has readied the SGX India Futures for launch on June 4, and said the contracts will use publicly available data. However, the National Stock Exchange of India has argued that they are "unlicensed products" and "identical" to th
The Singapore Exchange has readied the SGX India Futures for launch on June 4, and said the contracts will use publicly available data. However, the National Stock Exchange of India has argued that they are "unlicensed products" and "identical" to the Nifty-branded futures.ST FILE PHOTO

They will be left without easy offshore way to hedge Indian stocks if India's bourse wins suit

What started as a business disagreement between two Asian exchanges has become a source of growing concern for international investors.

A tussle between the Singapore Exchange (SGX) and National Stock Exchange of India (NSE) over derivatives contracts is threatening to end a popular way of hedging Indian shares. The battle, which went to court in Mumbai last week, has left traders scrambling to find new ways to manage their exposure to the US$2.3 trillion (S$3.1 trillion) market, one of Asia's biggest.

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A version of this article appeared in the print edition of The Straits Times on May 28, 2018, with the headline 'SGX-NSE dispute spooks investors'. Print Edition | Subscribe