Limited Earnings Impact for SGX as Agreement with Indian Exchanges Ends; No Change to FVE
Singapore Exchange, or SGX, opened sharply lower Monday after the announcement that National Stock Exchange and other exchanges in India, will end their licensing agreements with all foreign exchanges. This will stop the Indian exchanges from supplying live prices and data to SGX and foreign exchanges, which is the basis for the latter's derivatives products. The SGX CNX Nifty Index Future is one of the more popular contracts in SGX's portfolio of equity index-related futures, along with the FTS...
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