Nifty products still a vital cog in SGX's equity derivatives trading wheel

Trading in Nifty products remains a vital cog in the Singapore Stock Exchange’s (SGX) equity derivatives trading wheel. Nifty-based products accounted for 11 per cent of derivatives trading volume for the June quarter, an analysis of market statistics provided by SGX shows. A total of 5.4 million Nifty contracts were traded on the Singapore bourse in the quarter. 

Bloomberg  data shows Nifty is the sixth-largest contributor of derivatives revenue for SGX, accounting for 6 per cent of its revenues. Nifty volumes on SGX have sustained even as domestic bourses tried to pull the plug on overseas trading in Indian products in