Since then, both SGX and the National Stock Exchange of India (NSE) have been working with the technology partner, TCS, and various SGX members to transition the trading of Nifty contracts to the NSE IFSC.
A new derivatives trading and clearing link between Singapore and India will be ramped up to reach full scale by second quarter next year.
The NSE IFSC-SGX Connect was formally launched on July 29 by India’s Prime Minister Narendra Modi and other officials.
