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Chief Minister of Gujarat Bhupendra Patel, NSE MD and CEO Ashishkumar Chauhan, Prime Minister of India Narendra Modi, and SGX Group CEO, Loh Boon Chye (Photo from SGX Group)

SG, India stock exchanges launch trading platform for Nifty equity derivatives

Amongst those onboarded in the platform include OCBC Securities Private Limited.

Singapore Exchange (SGX Group) and the National Stock Exchange of India (NSE) have launched NSE IFSC-SGX Connect, its trading platform for Nifty equity derivatives.

The platform was launched by the Prime Minister of the Republic of India Narendra Modi.

“Investors in India and around the world can now trade Nifty contracts listed on NSE IFSC seamlessly and efficiently with global risk-management and clearing standards. Investors also have real-time access to NSE IFSC market data,” said SGX.

SGX’s trading members that have onboarded in the platform were Deutsche Bank AG, Morgan Stanley Asia (Singapore) Securities Pte Ltd., OCBC Securities Private Limited, Orient Futures International (Singapore) Pte. Ltd., Phillip Nova Pte. Ltd., StoneX Financial Pte. Ltd., and UBS AG 

“The roll-out of the Connect is a significant milestone for SGX Group and NSE, and it brings us one step closer to combining the growing domestic and international liquidity pools for Nifty products,” Loh Boon Chye, CEO of SGX Group, said.

READ MORE: SGX, NYSE to collaborate on dual listing of companies

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