Financial Daily from THE HINDU group of publications
Tuesday, Sep 20, 2005
Financial Daily from THE HINDU group of publications Tuesday, Sep 20, 2005 |
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Markets
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Stock Exchanges Singapore SE to re-launch Nifty futures from Oct 10 Jayanta Mallick
Kolkata , Sept. 19 THE Singapore Stock Exchange (SGX) will re-launch trading in the CNX Nifty futures from October 10. According to a SGX note, the Nifty futures will have a smaller contract size on its platform - SGX Quest "to help facilitate active trading and encourage greater market participation". The new contract will provide margin savings in the form of inter-commodity spreads for SGX equity contracts between the CNX Nifty Index and MSCI Taiwan Index, Nikkei 225 Index and MSCI Singapore futures contracts, the note said. According to Mr Thomas Tey, Senior Vice-President and Head of International Products, at SGX: "The sentiment towards India's growth potential has been positive and our market participants are enthusiastic about the SCX Nifty contract. This is an opportune time given the recent signing of the Comprehensive Economic Co-operation Agreement by India and Singapore".
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