For subscribers
In Good Company
Feud with SGX over, world’s largest derivatives exchange eyes larger pie
Sign up now: Get ST's newsletters delivered to your inbox
National Stock Exchange of India performs about 190 million trades daily on a peak day, worth US$35 billion.
PHOTO: REUTERS
Follow topic:
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, will begin 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.
