Mumbai: From July 3, all dollar-denominated Nifty derivatives contracts will be exclusively traded on the NSE’s International Financial Services Centre (IFSC) exchange in GIFT City. This will follow the NSE IFSC-SGX Connect becoming operational at the IFSC, according to an announcement by the Singapore Exchange.
This transition will follow the transfer of SGX Nifty derivatives to NSE IFSC, enabling investors to trade in dollar-denominated Nifty futures contracts available on the SGX in GIFT City. In addition, investors will have real-time access to NSE IFSC market data.
The NSE IFSC exchange is a wholly owned subsidiary of the National Stock Exchange. The Singapore bourse said that to prepare for the transition, it plans to perform a liquidity switch for certain futures contracts after the close of business on June 30, which will be completed by July 3.
SGX will automatically migrate all open positions in SGX Nifty after the end of the trading session on June 30 to NSE IFSC Nifty.
This transition will follow the transfer of SGX Nifty derivatives to NSE IFSC, enabling investors to trade in dollar-denominated Nifty futures contracts available on the SGX in GIFT City. In addition, investors will have real-time access to NSE IFSC market data.
The NSE IFSC exchange is a wholly owned subsidiary of the National Stock Exchange. The Singapore bourse said that to prepare for the transition, it plans to perform a liquidity switch for certain futures contracts after the close of business on June 30, which will be completed by July 3.
SGX will automatically migrate all open positions in SGX Nifty after the end of the trading session on June 30 to NSE IFSC Nifty.