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SINGAPORE: The Singapore Exchange (SGX) is widening its global network. It is extending its membership to seven key global players, including the first Indian brokerage.
The new members include: Goldman Sachs Futures, MF Global Singapore, and IIFL Securities - a subsidiary of India Infoline, a leading financial firm in India.
They have been given in-principle approval for securities trading and clearing as well as derivatives clearing.
SGX is also deepening its collaboration with India's National Stock Exchange to introduce a series of options based on India's Nifty Index. It says the collaboration is a significant step in strengthening its Indian portfolio, facilitating access for its investors into the Indian market.
Separately, SGX and global integrated index provider Stoxx have announced an agreement to list Dow Jones EURO STOXX 50 Index futures and options on futures contracts on SGX.
- CNA/sc
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