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Stock impact report

NSE, SGX win approval for joint derivatives project at GIFT city [Reuters]

SINGAPORE EXCH UNSP/ADR (SPXCY) 
NASDAQ:AMEX Investor Relations: investorrelations.sgx.com
Company Research Source: Reuters
NSE, SGX win approval for joint derivatives project at GIFT city - Reuters 2 Min Read MUMBAI (Reuters) - India’s National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for their international financial centre in western India, they said in a joint statement on Tuesday. 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, the release said. The proposal is subject to further approvals from relevant local authorities. “SGX and NSE will continue to work with all key stakeholders to make the NSE IFSC-SGX Connect operational before the end of 2020, subject to members’ readiness and receiving all relevant approvals,” the two said. “Both exchanges are also working to discontinue related arbitration proceedings,” they added. The two exchanges h Show less Read more
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