The circular also pointed out that any market participants that did not wish to migrate their positions from SGX NIFTY to NSE IFSC NIFTY should close their open positions in SGX NIFTY
The Singapore Exchange on Tuesday said NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on July 3 after the transition of SGX Nifty derivatives to NSE IFSC.
NSE International Exchange (NSE IFSC), which is a wholly-owned subsidiary of the National Stock Exchange (NSE), had announced trading in US stocks which will be facilitated through the NSE IFSC platform.