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Dubai exchange explores options as India stops licensing securities abroad

The Indian decision appears to threaten several products offered by the DGCX

Reuters  |  Dubai 

The Dubai Gold and Commodities Exchange (DGCX) said on Monday it was working with Indian exchanges to explore alternatives after India's three main stock exchanges declared they would stop licensing their indexes and securities abroad. The Indian decision appears to threaten several products offered by the DGCX, which trades futures based on the Bombay Stock Exchange's Sensex index, futures based on single Indian stocks, and Indian rupee and U.S. dollar-based futures for an Indian index compiled using methodology from MSCI. "DGCX is working very closely with the ...

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First Published: Mon, February 12 2018. 20:39 IST
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