Analysts downgrade SGX on licensing uncertainty from India exchanges

SINGAPORE (Feb 13): On Feb 9, the National Stock Exchange of India (NSE), Bombay Exchange (BSE), and Metropolitan Stock Exchange of India (MSEI) announced the end of licensing of their indices and securities, or providing data to foreign exchanges.

This came after the Singapore Exchange (SGX) said in Jan that it would start offering single stock futures (SSFs) benchmarked to Nifty 50 companies, and is part of India’s move to bring trading liquidity back to its home bourses.