PM in Singapore: NSE-SGX feud likely to be discussed during Modi's visit

The ongoing tussle between the National Stock Exchange (NSE) and Singapore Exchange (SGX) is likely to be a talking point during Prime Minister (PM) Narendra Modi's visit to Singapore.

According to sources, Singapore-based business groups plan to discuss the issue with Modi to put an end to offshore trading of Indian derivatives. The island nation is a major offshore trading hub.

PM Modi will be interacting with Singapore's corporate executives on June 1.

Sources say Singapore authorities see the feud as a setback to its image as an international financial services hub.  Singapore bourses are known to be a convenient