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NSE, Singapore bourse to end arbitration case, finalise derivatives tie-up

The launch date for the new NSE IFSC-SGX Connect has not been decided yet

National Stock Exchange
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The exchanges received a set of approved regulatory dispensations from their statutory regulators for the connect last year.

Ishika Mookerjee | Bloomberg
Singapore Exchange Ltd. and the National Stock Exchange of India Ltd. are formally ending a years-long disagreement related to derivatives trading, with the two exchanges set to launch a cross-border trading link.

Both exchanges will withdraw arbitration proceedings that began after a dispute erupted in 2018 regarding the trading of Indian stock-based derivatives in Singapore, according to a statement from the Singapore exchange. The exchanges have received another round of regulatory approvals on implementing a connect that will allow market participants to trade NSE Nifty 50 Index futures and options contracts from India’s Gujarat International Finance Tec-City.

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First Published: Sep 22 2020 | 8:02 PM IST

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