Business

NSE, SGX get nod for joint proposal

National Stock Exchange (NSE) and Singapore Exchange (SGX) have received a set of approved regulatory dispensations from their statutory regulators on the joint proposal that NSE and SGX submitted earlier this year.

The proposed NSE International Financial Service Centre (IFSC)-SGX Connect aims to bring together the trading of Nifty products in Gujarat International Finance Tec-City (GIFT) and create a larger pool of liquidity comprising international and home market participants, stated a joint release by the exchanges.

The Connect model will enable SGX and NSE IFSC members to access Nifty products in GIFT, it added.

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Printable version | Oct 24, 2020 6:42:11 PM | https://www.thehindu.com/business/nse-sgx-get-nod-for-joint-proposal/article28839038.ece

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