Singapore Exchange to continue SGX Nifty trade despite India dispute
Updated : June 16, 2018 03:05 PM IST
Now NSE and SGX have been ordered "to facilitate the continued listing of SGX Nifty products for at least two successive contract month maturations beyond the arbitration's completion date", SGX said in a statement.
SGX had postponed the launch of a set of new India derivatives products after an Indian court in May referred a dispute around the proposed offerings to an arbitrator.
The NSE had sought an interim injunction against the launch on grounds that the offerings infringed the intellectual property rights of its unit India Index Services and Products (IISL), which runs the Nifty index.