Can I trade in SGX Nifty from India?
Can I trade in SGX Nifty from India?
In Singapore Exchange, Indian stocks cannot be traded but it allows future products like SGX Nifty Futures. Thus, it is the derivative product of Singapore Exchange facilitating futures trading of underlying NSE Nifty index. It allows FII’s and other individuals to invest in Nifty Futures.
What is relation between Nifty and SGX Nifty?
The main difference between the SGX Nifty and the Indian Nifty is that the SGX Nifty is a futures trade platform in Singapore where the prices of a stock are predetermined to avoid the future risk, whereas the Indian Nifty trades only on the Indian stock exchange platform, which is the National Stock Exchange or NSE.
Who controls SGX Nifty?
On 15 June 2007, Tokyo Stock Exchange, Inc. announced that it had acquired a 4.99\% stake in SGX. Since then the value of the shares has declined and the Tokyo Stock Exchange, Inc. has made a decision to sell the shares it holds in SGX to its parent company, the Tokyo Stock Exchange Group, Inc.
Why do we follow SGX Nifty?
Advantages of SGX Nifty The proximity in location between India and Singapore ensures that there is better connectivity between the two exchanges and lesser time lapse. It serves as a good alternative to investors who do not have access to Indian markets especially if they seek to transact in terms of US Dollars.
Is SGX a trading platform?
SGX Titan. SGX Titan is the new low-latency, high-throughput trading, trade registration and clearing platform to meet the growing needs for SGX equity index, FX and commodity derivative products.
What is SGX Nifty India?
SGX Nifty is a derivative of the National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore time on all working days and suggests the initial direction of the Indian stock market.