21 May SGX says to list Indian derivatives despite legal move by Indian bourse
SINGAPORE, May 22 (Reuters) – Singapore Exchange Ltd
(SGX) said on Tuesday the National Stock Exchange of
India had applied for an interim injunction in an Indian court
on SGX’s new derivatives products, but SGX plans to go ahead and
list them next month.
“We have full confidence in our legal position and will
vigorously defend this action. Our clients can continue to trade
per normal.” SGX said in a statement.
(SGX) said on Tuesday the National Stock Exchange of
India had applied for an interim injunction in an Indian court
on SGX’s new derivatives products, but SGX plans to go ahead and
list them next month.
“We have full confidence in our legal position and will
vigorously defend this action. Our clients can continue to trade
per normal.” SGX said in a statement.
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