The Singapore Exchange (SGX) has put on hold the launch of its new India derivatives products following the injunction order obtained by the National Stock Exchange (NSE) from the Bombay High Court.
The Singapore bourse was to migrate all existing client contracts on the SGX Nifty Futures to the new SGX India Futures from June. However, SGX now plans to continue offering NSE-licensed Nifty contracts until August 2018, when the agreement between the two bourses is to end.
Through a circular dated April 11, SGX had announced the launch of three new India products—SGX India Futures, SGX India Bank Futures