Gift Nifty to be accessible for trading for 21 hours on NSE IX from Jul 3
18 October 2024
The Gift Nifty derivative contracts, which will start trading on the NSE International Exchange (NSE IX) on July 3, will be accessible for almost 21 hours longer than the time the SGX Nifty contracts were available on the Singapore Exchange. The Nifty derivative contracts that were traded on the Singapore Exchange have been moved to NSE IX and renamed Gift Nifty.
These contracts are accessible for almost 21 hours, which overlaps Asia, Europe, and US trading hours, the exchange said as it unveiled the new identity of SGX Nifty. Gift Nifty offers a single pool of liquidity and a venue to access dollar-denominated Nifty derivatives at NSE IX under the regulatory framework of the International Financial Services Center Authority (IFSCA), the exchange said.
The Gift Nifty derivative contracts, which will start trading on the NSE International Exchange (NSE IX) on July 3, will be accessible for almost 21 hours longer than the time the SGX Nifty contracts were available on the Singapore Exchange. The Nifty derivative contracts that were traded on the Singapore Exchange have been moved to NSE IX and renamed Gift Nifty. These contracts are accessible for almost 21 hours, which overlaps Asia, Europe, and US trading hours, the exchange said as it unveiled the new identity of SGX Nifty. Gift Nifty offers a single pool of liquidity and a venue to access dollar-denominated Nifty derivatives at NSE IX under the regulatory framework of the International Financial Services Center Authority (IFSCA), the exchange said.
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