The move comes days after India
SINGAPORE: Singapore Exchange Ltd (SGX) said it will launch successor products to its flagship Indian equity index derivatives before the bourse’s licence agreement with the National Stock Exchange of India (NSE) expires in August 2018.
The move comes days after India’s three main bourses unexpectedly announced they would stop licensing their indexes to overseas exchanges, news which hit SGX’s shares as brokers cut the bourse’s earnings estimates.
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