India, Singapore Exchanges Kick Off Derivatives Trading Link
- NSE IFSC-SGX Connect was formally launched on Friday
- Start of the link marks an end to quarrel that erupted in 2018
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A cross-border derivatives trading link between the Singapore Exchange Ltd. and the National Stock Exchange of India Ltd. has started, ending years of delays after they ended a bitter feud that left global investors in a lurch.
The NSE IFSC-SGX Connect was formally launched by Indian Prime Minister Narendra Modi on Friday, and is ready to clear Nifty equity derivatives for global institutions, according to a statement from the Singapore Exchange dated July 29.