Singapore index steals a march over NSE in Nifty futures volumes in 2021

The Singapore Stock Exchange (SGX) has beaten the National Stock Exchange of India (NSE) in average volumes in Nifty futures trading this year, trading data showed.

The SGX platform’s total value of contracts traded stood at over Rs 26,000 crore this year: nearly double the daily Nifty futures volumes on the NSE. The average open interest of Nifty futures on the SGX is more than 3 times that of its peer NSE.

Trading in Nifty futures is a common proxy for trading the market as a whole since the index is representative of the market in particular and the economy