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The collaboration, launched in July earlier this year, would enable orders from the SGX members to be routed to NSE IFSC for trading
Currently, 14 SGX Clearing Members have been onboarded for the transition
NSE IFSC-SGX Connect is a collaboration between the NSE and the Singapore Exchange (SGX) to bring global investors to India
Modi launches India's first international bullion exchange in Gujarat
GIFT City recently signed a letter of intent (LoI) with the University of Wollongong (UOW) for establishing a location for teaching, research and industry engagement
Locating it in GIFT City will facilitate international investors to participate in ESG transitions in India and other markets
Is India Inc going back to office? How is Indian trade filling the void created by Russia? Buy when markets dip or sell on a rally? How to invest in international stocks via NSE IFSC? All answers here
Gujarat's Gift City has opened a window for Indians to invest in international stocks. Find out more about NSE's International Financial Service Centre (IFSC) which is allowing trade in US stocks
A certain number of NSE IFSC depository receipts are required to make up one underlying share
Numbers have been rising fast since the pandemic; total amount of money sent abroad for foreign investments was $673.8 million
The trading in unsponsored depositary receipts -- NSE IFSC Receipts -- has been launched in association with HDFC Bank, under the regulatory sandbox framework prescribed by the IFSCA
Starting small is a good way to ease domestic investors into overseas trading
Trading in US stock receipts will be conducted over two calendar days beginning 20:00 pm on day one and extending up to 2.30 pm the next day
At present, domestic investors can get exposure to foreign stocks through a broker who has a tie-up with an international broker
Trading volume in index derivatives crossed USD 100 million on NSE IFSC Limited in a single day on November 10.This is the first time that the volume for index derivatives in an exchange in GIFT international financial services centre (IFSC) has crossed USD 100 million.Trades in 8590 contracts worth USD 88.73 million were executed in NIFTY 50 futures and 735 contracts worth USD 18.72 million were traded in Nifty Bank contracts.NSE IFSC Limited, a 100 percent subsidiary of NSE, launched is trading operations at the International Financial Service Centre (IFSC) at the Gift City in Gujarat on June 5, 2017.The Exchange offers trading in index derivatives, Indian and global single stock derivatives, gold & silver futures and non-INR currency pairs.
NSE IFSC Ltd will launch single derivative contracts in 15 global stocks, including giants like Apple Inc, Facebook and Alibaba, as also trade in three additional currencies, including Swiss franc and the US dollar. In a circular, the exchange announced introduction of these new contracts with effect from July 24. The new currency pairs also include the Japanese yen-US dollar and the Australian dollar-US dollar. The 15 global stock derivatives will feature those of Alphabet Inc, Microsoft, China Mobile, Amazon.Com, ExxonMobil Corporation, Johnson and Johnson, JPMorgan Chase, Wells Fargo, General Electric Company, AT&T Inc, Bank of America and Procter and Gamble Company. IFSC is short for International Financial Services Centre. There will also be day spread contracts in F&O of all these underlyings -- instead of two transactions to be done to roll over a contract to the next month series, it can be done as one transaction. This will bring down cost and risk of only one