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The Singapore Exchange (SGX) will continue to offer trading in Indian derivatives even as its partner National Stock Exchange (NSE) has decided to terminate licensing agreements for providing indices and securities-related data feed services to the foreign counterpart.
The exchange said it would introduce proprietary Indian equity derivatives products in June 2018 and would simultaneously delist existing Nifty-based derivatives contracts.
This comes after the three domestic bourses — the NSE, the BSE and the Metropolitan Stock Exchange — in February announced that they would cancel licensing agreements with overseas exchanges.
SGX’s announcement on Wednesday suggests that the move may not yield the desired
