Fight Between Singapore, India Stock Exchanges Worries Investors
- Months-long battle between exchanges threatens Nifty contracts
- Attempts to move trading onshore send ‘wrong signal’
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What started as a business disagreement between two Asian exchanges has become a source of growing concern for international investors.
A fight between Singapore Exchange Ltd. and National Stock Exchange of India Ltd. over derivatives contracts is threatening to end a popular way of hedging Indian shares. The battle, which went to court in Mumbai this week, has left traders scrambling to find new ways to manage their exposure to the $2.3 trillion market, one of Asia’s biggest.