General Announcement::Trading of SGX Nifty contracts to continue pending outcome of arbitration

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Jun-2018 14:17:47
Status
New
Announcement Sub Title
Trading of SGX Nifty contracts to continue pending outcome of arbitration
Announcement Reference
SG180616OTHR53EQ
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
VP, Marketing and Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) has been granted a licence extension to continue the listing and trading of SGX Nifty contracts beyond August 2018.

As part of ongoing arbitration proceedings, SGX and IISL, the National Stock Exchange (NSE)'s index company, were directed by Order dated 14 June 2018 passed by the Learned Arbitrator, to facilitate the continued listing of SGX Nifty products for at least two successive contract month maturations beyond the arbitration s completion date. SGX was directed to refrain from offering new India equity derivatives products such as those announced on 11 April 2018, in accordance with the Order, available here.

Arbitration proceedings are continuing and the hearings on evidence are expected to commence in early 2019. We will provide updates to the market in due course.

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Attachments

20180616_Trading_of_SGX_Nifty_contracts_to_continue_pending_outcome_of_arbitration.pdf
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