Nifty futures trade slumps 50% on Singapore Stock Exchange in March

The trading volume of Nifty futures slumped 50 per cent on the Singapore Stock Exchange (SGX) in March since the National Stock Exchange (NSE) and the BSE ended data-sharing agreements.

Nifty futures on the SGX saw an average daily trading of 53,332 lots during March, down from 108,871 in February. 

The Nifty is one of the most-traded derivatives contracts on the Singapore bourse.

Investors had started unwinding their positions from the SGX even as the exchange had assured them continuity, sources said.

The data-sharing arrangement is available for six more months. Trading of Indian contracts on the SGX will end