HC to hear NSE-SGX case on May 26
NSE’s Index company on Monday had filed a petition before the Bombay High Court against the SGX.
By ET Bureau |
BCCL
The Bombay High Court will continue to hear the NSE's petition against SGX launching new derivatives product.
MUMBAI: The Bombay High Court will continue to hear the National Stock Exchange’s petition against Singapore Exchange launching new derivatives product on May 26, after both the parties failed to reach a consensus.
NSE’s Index company on Monday had filed a petition before the Bombay High Court against the SGX seeking interim reliefs against the marketing, promotion and launch of three new contracts — SGX India Futures, SGX Options on SGX India Futures and SGX India Bank Futures, in terms of its circular dated April 11, 2018.
“Until then, the ad-interim injunction granted on May 21, 2018 continues against the launch of new derivative contracts by SGX..,” said NSE.
NSE’s Index company on Monday had filed a petition before the Bombay High Court against the SGX seeking interim reliefs against the marketing, promotion and launch of three new contracts — SGX India Futures, SGX Options on SGX India Futures and SGX India Bank Futures, in terms of its circular dated April 11, 2018.
“Until then, the ad-interim injunction granted on May 21, 2018 continues against the launch of new derivative contracts by SGX..,” said NSE.
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