The office will kick-start SGX India Connect IFSC, a special purpose vehicle that will facilitate SGX's upcoming connect with India's National Stock Exchange (NSE).
Singapore Exchange (SGX) has opened the SGX-International Financial Services Centre (IFSC) office in India's Gujarat International Finance Tec-City (Gift City), according to a «Business Times» report on Friday.
SGX will also be launching Gift Data Connect to provide SGX's international members with access to real-time trading data of Nifty contracts via its derivatives trading platform and give investors «unrivalled insights into India's equity market,» the newspaper said.
The upcoming NSE IFSC-SGX Connect aims to bring together the trading of Nifty products in Gift City and create a larger pool of liquidity comprising international and home market participants.
