SGX, NSE said to have abandoned trade link talks

A months-long quarrel between NSE and SGX over data and licensing rights escalated last week when the Indian bourse sued to stop Singapore Exchange from launching derivatives based on Indian stocks next month.
A months-long quarrel between NSE and SGX over data and licensing rights escalated last week when the Indian bourse sued to stop Singapore Exchange from launching derivatives based on Indian stocks next month.PHOTOS: REUTERS
A months-long quarrel between NSE and SGX over data and licensing rights escalated last week when the Indian bourse sued to stop Singapore Exchange from launching derivatives based on Indian stocks next month.
A months-long quarrel between NSE and SGX over data and licensing rights escalated last week when the Indian bourse sued to stop Singapore Exchange from launching derivatives based on Indian stocks next month.PHOTOS: REUTERS

Companies failed to agree on issues such as timing, guidelines and resources: Sources

MUMBAI • The Singapore Exchange (SGX) and National Stock Exchange of India (NSE) have abandoned talks on a cross-border trading link, according to people familiar with the matter, amid a bitter court battle that has soured an 18-year partnership.

The companies could not reach consensus on issues including timing, regulatory guidelines and the resources required for the project, according to the people, who asked not to be identified because the talks were private.

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A version of this article appeared in the print edition of The Straits Times on May 29, 2018, with the headline 'SGX, NSE said to have abandoned trade link talks'. Print Edition | Subscribe