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.

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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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