Soon, Singapore may become a gateway to NSE's derivatives market in Gujarat

Indian exchanges said on February 9 that they were scrapping all overseas licensing deals and data feeds to foreign venues

Singapore’s exchange may have a shot at keeping its lucrative India index futures, as long as it can meet the desire of Prime Minister Narendra Modi’s government to keep investor activity within the country’s borders.

The bourse is discussing a trading link with the National Stock Exchange of India Ltd. that would make Singapore a gateway to the NSE’s derivatives market in Gujarat, Modi’s home state, said NSE Chief Executive Officer Vikram Limaye. An agreement would allow Singapore Exchange Ltd. to replace some of the business it’s set to lose after NSE canceled a licensing deal that allowed derivatives linked to