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.

The contract has been at the heart of the dispute between the two exchanges, after NSE and two other Indian exchanges e…