 "Singapore Exchange, sgx")
In a setback to Singapore Exchange (SGX), the Bombay High Court (HC) on Saturday extended the interim injunction order against launch of derivatives contracts by the foreign bourse. The court adjourned the hearing till May 31.
“Until then, the ad-interim injunction granted on May 21, 2018, continues against the launch of new derivative contracts by SGX,” the National Stock Exchange (NSE) said in a press statement.
Earlier this week, Justice SJ Kathawala had extended the stay on SGX’s April 11 circular on the new India products. SGX was set to launch trading from June 4.
The move follows NSE’s lawsuit against the overseas
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