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NSE and SGX end arbitration; will trade Nifty products at GIFT City

This will bring together international and Gujarat International Finance Tec-City (GIFT City) participants to create a bigger liquidity pool for Nifty products in GIFT City

GIFT City
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Both NSE and SGX will also withdraw arbitration proceedings

Ashley Coutinho Mumbai
The country’s premier bourse National Stock Exchange (NSE) and the Singapore Exchange (SGX) have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect. 

This will bring together international and Gujarat International Finance Tec-City (GIFT City) participants to create a bigger liquidity pool for Nifty products in GIFT City. 

Both NSE and SGX will also withdraw arbitration proceedings. The two were engaged in arbitration proceedings under the Arbitration and Conciliation Act over the trading of Nifty products for more than two years. 

The dispute was triggered after the NSE decided to terminate the Nifty trading pact with

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First Published: Sep 23 2020 | 12:40 AM IST

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