Singapore Exchange Ltd (SGX) said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's licence agreement with the National Stock Exchange of India (NSE) expires in August 2018. The move comes days after India's three main bourses unexpectedly announced they would stop licensing their indexes to overseas exchanges, news which hit SGX's shares as brokers cut the bourse's earnings estimates. "Our successor products will provide certainty and continuity for our clients. At the same time, we continue to ...
Singapore Exchange to launch new Indian derivatives before NSE deal ends
Over the past two decades, SGX has become the most popular way for foreign investors to bet on Indian equity indexes with Nifty 50 futures tracking the NSE's main index