Mumbai : After Indian bourses’ move to stop providing data feeds to foreign rivals and eventually halt the trading of offshore derivatives, the Singapore Exchange (SGX), which offers the popular SGX Nifty 50 index futures, was busy soothing outraged market participants over the weekend.
The SGX said the market for its entire India suite of products will open and operate as per normal. At the very minimum, it will be business as usual till August, it added.
Under SGX’s licence agreement with National Stock Exchange (NSE), there is a six-month notice period for termination. The SGX said it is working with the NSE towards a “viable long-term solution” that would help clients retain existing positions, and hopes to announce details shortly.