Question
NSE International Exchange (NSE IX) has unveiled a new
brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty. What is the purpose of the strategic initiative between NSE IX and SGX?Solution
NSE International Exchange (NSE IX) has unveiled a new brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty. Â According to the bourse, the new identity signifies a unique opportunity and new direction for international investors to participate in India's growth story to access Nifty products through NSE IX. Â Â Â The strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.
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