Photo: Aniruddha Chowdhury/MintMumbai/Singapore: The National Stock Exchange of India Ltd, operator of the country’s biggest bourse, is asking Singapore Exchange Ltd to delay the planned introduction of single-stock futures that would track some of the subcontinent’s largest companies, according to people familiar with the matter. SGX and NSE have a licensing agreement that allows futures and options based on the benchmark NSE Nifty 50 Index to trade in Singapore, though existing products track indexes and sectors and not individual shares. SGX shares fell 0.3% at the open in Friday’s trading. SGX doesn’t need approval from NSE or India’s regulator before starting the contracts, the people said. The Singapore bourse introduced Nifty 50 futures in 2000, and NSE and SGX jointly launched four industry sector contracts in 2016.

Source: Mint January 19, 2018 03:11 UTC