SGX teams up with NSE to launch world's first offshore Indian sector futures

Four USD-denominated contracts will be listed in Singapore.

Singapore Exchange (SGX) and India's National Stock Exchange (NSE) will list four sector-specific Indian index futures contracts in Singapore.

This is the first time that derivatives on Indian sector indices are being launched outside India.

SGX will list four USD-denominated index futures contracts based on India Index Services & Products Limited 's (IISL) sector indices, specifically the SGX Nifty Bank Index Futures, SGX Nifty IT Index Futures, SGX Nifty CPSE Index Futures and SGX Nifty Midcap 50 Index Futures.

The introduction of sector index futures contracts will deepen SGX’s Indian product offering and will provide offshore investors access to specific trading opportunities in the key growth sectors of the world’s fastest growing economy.

The SGX Nifty IT Index Futures and SGX CPSE Index Futures will launch on 29 March 2016, followed by the SGX Nifty Bank Index Futures and SGX Nifty Midcap 50 Index Futures in mid- 2016.
 

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