SGX-NSE dispute over new India products goes to arbitration

S'pore Exchange to reschedule launch of three derivative products pending outcome

The SGX will continue listing SGX Nifty contracts until August, as contractually provided for under its licence agreement.
The SGX will continue listing SGX Nifty contracts until August, as contractually provided for under its licence agreement.PHOTO: REUTERS

The Singapore Exchange's (SGX) dispute with the National Stock Exchange of India (NSE) over an upcoming launch of new India derivative products is set for arbitration.

The SGX said yesterday that the Bombay High Court has ordered that the lawsuit filed by India Index Services and Products Ltd (IISL), an NSE subsidiary, against the product launch be settled through arbitration. A decision on the injunction is expected by June 16.

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A version of this article appeared in the print edition of The Straits Times on May 30, 2018, with the headline 'SGX-NSE dispute over new India products goes to arbitration'. Subscribe