SGX-NSE Showdown Outcome May Have Roots in Prior Suit

In its battle with India's exchanges, SGX may be able to use a judgment in a previous disagreement between ICE and Nymex.


On May 22, the SGX announced that the NSE made an application in the Bombay High Court for an interim injunction on the new products, which have been slated for a June 4 listing.

On May 24, the Bombay High Court deferred a hearing on the dispute between the two exchanges to May 26.

The new products will essentially replace SGX’s Nifty 50 suite of products, which will cease to exist following a data licensing ban, enacted in February, which prohibits foreign exchanges from developing products

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