Singapore Exchange to list Indian equity derivative products in June

Wednesday, 18 April 2018 01:39 -     - {{hitsCtrl.values.hits}}

FILE PHOTO: An office worker walks past a logo of the Singapore Exchange (SGX) outside its premises in Singapore-REUTERS/Edgar Su/File Photo

Reuters: The Singapore Exchange (SGXL.SI) last week said it would list Indian equity derivative products in June, nearly two months after India’s three main bourses announced they would stop licensing their indexes to overseas exchanges. The announcement comes after the Singapore bourse said it would launch successor products to its flagship Indian equity index derivatives before the bourse’s license agreement with the National Stock Exchange of India (NSE) expires in August. In its statement, the Singapore exchange said it is continuing to evaluate a joint trading and clearing model in Gujarat International Finance Tech city between the NSE and SGX.