NSE-SGX dispute: Final decision on arbitration process likely by February 1

MUMBAI: The arbitral tribunal on Monday fixed February 1, 2019, as the final date for giving the arbitral award in the National Stock Exchange versus Singapore Exchange case.

NSE and Singapore Exchange have been locked in dispute after Indian exchanges unexpectedly announced in February that it would stop licensing its indices to its foreign counterpart from August.

NSE’s Nifty futures and options, which are traded in the island nation, are popular with foreign investors who are not keen on trading in India.


In response to that, SGX said it would launch successor products to its flagship Indian equity derivative products on June 4.

On June 14 SGX was allowed to continue the listing and trading of SGX Nifty contracts beyond the current deadline of August by the arbitrator.