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SEBI approves SGX and NSE to operate jointly in GIFT City

SEBI approves SGX and NSE to operate jointly in GIFT City_50.1

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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