Singapore Nifty Contract Trading to Continue Pending Arbitration
- Arbitrator orders trading license extension beyond August
- Hearings on evidence expected to start in early 2019
The Singapore Exchange in Singapore.
Photographer: Paul Miller/BloombergThis article is for subscribers only.
Singapore Exchange Ltd. and National Stock Exchange of India Ltd. will have to remain partners for a little longer than both anticipated.
An arbitrator deciding on a quarrel between the exchanges over Indian stock futures contracts ordered them to extend their licensing agreement beyond August, and for at least two months after the end of arbitration. SGX was ordered to refrain from offering new India equity derivatives products such as those announced on April 11. Hearings on evidence in the case are expected to start in early 2019, SGX said in a statement Saturday.