Singapore, India Bourses to End Dispute, Push Trading Link
- Both exchanges say they’ll withdraw arbitration proceedings
- Bourses receive new round of regulatory approvals for connect
Photographer: Nicky Loh/Bloomberg
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Singapore Exchange Ltd. and the National Stock Exchange of India Ltd. are formally ending a years-long disagreement related to derivatives trading, with the two exchanges set to launch a cross-border trading link.
Both exchanges will withdraw arbitration proceedings that began after a dispute erupted in 2018 regarding the trading of Indian stock-based derivatives in Singapore, according to a statement from the Singapore exchange. The exchanges have received another round of regulatory approvals on implementing a connect that will allow market participants to trade NSE Nifty 50 Index futures and options contracts from India’s Gujarat International Finance Tec-City. SGX shares rose as much as 1.1%.