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India's PM Narenda Modi launches NSE IFSC-SGX Connect

The Edge Singapore
The Edge Singapore7/30/2022 10:12 PM GMT+08  • 4 min read
India's PM Narenda Modi launches NSE IFSC-SGX Connect
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: SGX
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A new derivatives trading and clearing link between Singapore and India is in new business.

On July 29, the Singapore Exchange and the National Stock Exchange of India (NSE) announced that the NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions.

SGX, which positions itself as a multi-asset exchange, has an active business providing the platform for the trading of Nifty products.

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