Singapore Exchange (SGX) has decided to continue offering Nifty futures trading to its clients, but by another name, India futures. Perhaps, inspired by this Shakespearean quote, Singapore Exchange Ltd (SGX) has decided to continue offering Nifty futures trading to its clients, but by another name. That is certainly not as neat as just saying Nifty, but SGX’s clients won’t be complaining at all. The National Stock Exchange (NSE), which attempted to ban the use of its indices by overseas exchanges in February, is naturally miffed. It won’t be surprising if the exchange pursues litigation, given SGX’s blatant disregard for its stated desire to consolidate liquidity in Nifty futures in India.

Source: Mint April 12, 2018 22:18 UTC