SGX eyes NSE collaboration in Gujarat

It will also list new India equity derivative products in June.

For the Singapore Exchange (SGX), “work is ongoing” to evaluate a joint trading and clearing model in Gujarat International Finance Tech (GIFT) city with National Stock Exchange of India (NSE) to meet the risk management needs of international participants.

“Whilst implementation is not feasible before the expiry of the licence agreement with NSE, SGX remains committed to engagements with NSE and other relevant stakeholders in India towards a collaboration in GIFT city,” the exchange announced.

This followed the decision of India’s three main stock exchanges – NSE, Bombay Stock Exchange (BSE), and the Metropolitan Stock Exchange of India (MSEI) – to stop the licencing of data for offshore derivatives linked to their domestic indices.

The SGX Nifty family of products can continue to list, trade and clear uninterrupted on SGX until August 2018 at a minimum, supported by the current licence agreement with NSE.

SGX derivatives head Michael Syn said, “SGX has worked hard over the past two decades to promote the development and internationalisation of India’s capital markets. We are still exploring a solution that would bring the liquid international market directly into GIFT city, in a way that meets our clients’ regulatory requirements whilst growing the overall market. In the meantime, we will continue with our new India equity derivative products, which international portfolio investors need to maintain exposure to India.”

Meanwhile, SGX will list new India equity derivative products in June 2018. “These products also add to the existing India Single Stock Futures offering, which has garnered active participation from global institutional clients since its launch, demonstrating the demand for access products,” it added.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia