SGX-NSE row: Why GIFT in PM Modi's backyard makes no sense ahead of Mumbai

SGX was asked by the Bombay HC on Tuesday to suspend the June 4 start of its new India equity derivatives and try to settle its dispute with NSE via arbitration

A stock connect between India and Singapore, modeled on the popular Shanghai-Hong Kong link, died before it could be born. Blame a mix of chest-thumping nationalism on the Indian side and political naivete on the part of the Singaporeans.

Singapore Exchange Ltd. was asked by the High Court in Mumbai on Tuesday to suspend the June 4 start of its new India equity derivatives and try to settle its dispute with National Stock Exchange of India Ltd. via arbitration. The NSE objects to the SGX replicating the popular SGX Nifty 50 derivative contract by using publicly available settlement prices