Mumbai: A little more than three years after the leading Indian lap has threatened to cut bonds with the Singapore Stock Exchange, the National Stock Exchange (NSE) on Friday signed an agreement with SGX which would allow global investors to trade all derivative contracts based on NSE products.
Gujarat gift city.
After the relationship between two stable exchanges, popular derivative contracts such as SGX Nifty and products based on other NSE indices can be traded on a new platform that will be run by SGX India connects IFSC, a joint venture company.
The new trading platform will also allow global investors to trade derivative products based on Indian shares and indexes from the early hours (for investors in Japan) until late at night (for investors who live in the US), officials said.
In early 2018, driven by market regulators Sebi, Babes India has decided not to allow trading derivative products based on shares and Indian indices because it is feared that it allows the trade will take global investors from foreign Baboursa.
The new setting between NSE and SGX will enable global investors to trade derivative products based on Indian stocks and indices on platforms under Indian jurisdiction.
During the day, SGX India connects the IFSC to open its office in the gift city and announce that it will launch the Connect data prize.
Through this connectivity, global investors will get real-time access to nifty trade data, the release from NSE said.
The opening of new offices and data connections will enable global investors to use NSE data directly to perfect their trade strategies ahead of the formal launch in several months, an official said.