SGX posts dip in Q3 net profit; agrees with India's NSE on way forward in Nifty dispute

Singapore

SINGAPORE Exchange and India's National Stock Exchange (NSE), two of Asia's largest trading venues, have agreed on a way forward in the dispute involving NSE's Nifty index futures contract.

On Thursday, SGX's chief executive officer Loh Boon Chye told the media and analysts at a briefing on its Q3 results, that the two are in "a good position". "Both SGX and NSE have agreed on a way forward that both exchanges can continue to serve the wider market place. That proposal is with both regulators," he said, declining to elaborate.