 "Singapore Exchange, SGX, Singapore")
Diplomatic tensions between India and Singapore could flare up over Singapore Exchange’s (SGX’s) proposal to soon launch futures trading in Indian stocks. SGX would soon go live with the launch of single-stock futures on top 50 domestic companies and would expand the universe to top 100 eventually.
The move comes despite efforts made by several Indian stakeholders such as the finance ministry and National Stock Exchange (NSE) to dissuade SGX against the launch. The Centre fears the move could lead to further export of Indian financial markets, hurt tax collection, and impact liquidity in the domestic market. Although the Indian
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