NSE, SGX get approval for joint derivatives project in GIFT City

NSE and Singapore Exchange (SGX) said they have received regulatory approvals for their international financial centre in Gujarat's GIFT City. The proposed NSE International Financial Service Centre (IFSC)-SGX Connect aims to bring together the trading of Nifty products in GIFT City and create a larger pool of liquidity, they said. It is expected to be operational before 2020-end.