SINGAPORE: India and Singapore regulators intervened to urge two of their squabbling exchanges to come to an “amicable resolution,” spurring some optimism about an end to a dispute which has left investors without an easy way to hedge risks in one of Asia’s largest markets.
The National Stock Exchange of India Ltd and Singapore Exchange Ltd “would carry out necessary discussions to come up with a solution that is acceptable to both the parties,” the Securities & Exchange Board of India and the Monetary Authority of Singapore said in a joint statement late Wednesday.
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