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SGX updates on India equity derivatives

SGX committed to collaboration with GIFT city

Singapore Exchange

SGX will list new Indian equity derivative products in June 2018, to provide market participants with continuity and the ability to seamlessly transition their current India risk management exposures.

These products also add to the existing India Single Stock Futures offering, which has garnered active participation from global institutional clients since its launch, demonstrating the demand for access products, said SGX on 11 April 2018.

Work is ongoing to evaluate a joint trading and clearing model in Gujarat International Finance Tech (GIFT) city between the National Stock Exchange of India (NSE) and SGX to meet the risk management needs of international participants.

While implementation is not feasible before expiry of the licence agreement with NSE, SGX remains committed to engagements with NSE and other relevant stakeholders in India towards a collaboration in GIFT city.

Michael Syn, Head of Derivatives at SGX, said, “SGX has worked hard over the past two decades to promote the development and internationalisation of India’s capital markets.

“We are still exploring a solution that would bring the liquid international market directly into GIFT city, in a way that meets our clients’ regulatory requirements while growing the overall market.

“In the meantime, we will continue with our new India equity derivative products, which international portfolio investors need to maintain exposure to India,” he said.

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