SEBI approves SGX and NSE to operate jointly in GIFT City

Securities and Exchange Board of India has approved Singapore Stock Exchange and National Stock Exchange of India Ltd to operate jointly in Gujarat International Finance Tec-City, Gandhinagar. The two entities will create a new platform for trading called NSE International Financial Service Centre (IFSC)-SGX Connect.

The new platform will allow trading in Nifty index derivatives, as well as single-stock derivatives of Nifty’s 50 constituent.

Static/Current Takeaways Important For SBI Clerk Mains:

  • Managing Director and CEO of NSE: Vikram Limaye.
  • Managing Director & CEO of GIFT City: Tapan Ray.

Source: The Live Mint

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