Singapore to start futures trading in Indian stocks

Move could lead to further export of domestic financial markets

In what could be a major blow to the domestic derivatives market, the Singapore Stock Exchange (SGX) will soon launch trading in Indian single-stock futures on its platform. The Singapore bourse currently offers trading in Nifty index contracts, which are very popular among overseas investors.

The launch of single-stock futures could lead to further expansion of domestic financial markets, experts say.

According to sources, the National Stock Exchange (NSE) has expressed its concerns over the move; but, SGX has decided to go ahead with its plan.

The move has been triggered by Securities and Exchange Board of India’s (Sebi’s) decision