SGX-NSE resume tie-up talks on GIFT City; arbitration proceeding deferred

The Singapore Exchange (SGX) and the National Stock Exchange of India (NSE) have resumed discussion for potential collaboration at Gujarat International Finance Tec (Gift) City, India’s only International Financial Services Centre (IFSC).

The talks between the two exchanges had stalled amid a legal tussle over the launch of new products by the Singapore bourse. Collaboration at Gift City could connect the trading systems of NSE and SGX and enable the clients of the Singapore bourse to deal in Indian derivatives.

Gift-connect between SGX and NSE could give a further boost to volumes and help resolve the tussle between the two