NSE, SGX receive Sebi, MAS approval for creating trade link at Gift City

New arrangement may become operational by end-2020 after Finance Ministry nod

The National Stock Exchange of India (NSE) and the Singapore Exchange (SGX) have got the Sebi's and the Monetary Authority of Singapore's (MAS) regulatory approvals for creating a trading link at Gujarat International Finance Tec-City (Gift City).

The arrangement will enable investors, who deal on the SGX platform, to gain access to Indian securities through NSE International Financial Service Centre (NSE IFSC) at Gift City, which is situated in the Prime Minister’s home state of Gujarat.

Both SGX and NSE are locked in a legal dispute for more than a year over NSE launching new India products to replace Nifty-licensed products. The new