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The latest cross-exchange initiative comes from India’s National Stock Exchange (NSE) and Singapore Exchange (SGX) which have together agreed to introduce a futures contract that will be based on Indian sector indices and traded on SGX.
The move is seen as a first as Indian sector indices are being launched outside of the country, while traders have enjoyed speculating on CFD contracts that aim to track major Indian indices such as the Nifty50 for some time already.
SGX intends to add four index futures based on Nifty Bank Index Futures, Nifty IT Index, Nifty CPSE index, and Nifty Madcap 50. They ... (read more)