SGX said it will list its new India equity derivative products in June, providing participants continuity with their India risk management exposures. Photo: Aniruddha Chowdhury/MintMumbai: National Stock Exchange of India Ltd (NSE) is studying the technical and legal aspects of Singapore Stock Exchange’s (SGX) new product that mimics NSE’s Nifty, two people aware of the matter said. Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, in an attempt to check migration of trades away from Indian exchanges. In India, exchanges such as Multi Commodity Exchange Ltd (MCX) use settlement data of overseas exchanges to settle gold and crude oil contracts. But for such usage, MCX has permission or arrangement with overseas exchanges.

Source: Mint April 15, 2018 22:30 UTC