India’s National Stock Exchange’s (NSE) concerns over migration of trading in Nifty 50
futures to Singapore resulted in a series of actions by the NSE and the Singapore Exchange
(SGX), culminating in suspension of trading rights for the Nifty 50 futures on the SGX, a
court action and an eventual referral to arbitration. The arbitration award is to be
announced on 16 June 2018. The SGX and the NSE have a mutually beneficial relationship
that has lasted decades. There is too much at stake to allow the current disagreement to
hamper a partnership that holds considerable promise for the future.
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