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