INTERNATIONAL: NSE IFSC-SGX Connect Commences Operations

Monday August 1 2022

On 29^th July 2022, Singapore Exchange (SGX) and the National Stock Exchange of India (NSE) announced that the NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, a major step towards further connecting the world’s investors to India. 

The NSE IFSC-SGX Connect presents an innovative pathway for international investors to participate in India’s growth story. Through SGX Group’s unique trading infrastructure in GIFT City, investors in India and around the world can now trade Nifty contracts listed on NSE IFSC seamlessly and efficiently with global risk-management and clearing standards. Investors also have real-time access to NSE IFSC market data. 

The Connect enables orders from SGX Group’s trading members to be routed to NSE IFSC for trading and execution, with clearing and settlement through NSE IFSC Clearing Corporation Ltd. and SGX Group’s Derivatives Clearing as the central counterparty. 

Click on the above link for further information