Singapore Exchange, NSE to launch offshore Indian sector futures
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[MUMBAI] The Singapore Exchange along with the National Stock Exchange will list four sector-specific India futures contracts, a first for such derivatives, a statement said on Tuesday.
Singapore Exchange plans to list SGX Nifty Bank Index Futures, SGX Nifty IT Index Futures, SGX Nifty CPSE Index Futures and SGX Nifty Midcap 50 Index Futures, based on indices of NSE's group company India Index Services & Products Ltd (IISL).
The SGX Nifty IT Index Futures and SGX CPSE Index Futures will launch on March 29, followed by SGX Nifty Bank Index Futures and SGX Nifty Midcap 50 Index Futures in mid 2016, the release stated.
At present, the Singapore Exchange provides offshore equity trading opportunity on SGX Nifty 50 Index Futures, which is based on India's Nifty 50 index.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
