Traders in the US, Europe and Asia will gain access to India’s NSE International Exchange as BSO is approved as an official connectivity partner.
CME Group had previously been ranked second largest in terms of trading volume, losing first place to the National Stock Exchange of India last January.
A disagreement over market data and derivatives trading between SGX and India’s NSE has been resolved as plans to launch a trading link have been cemented.
February saw several new records at CME Group as average daily volume surged 58% compared to last year.
The NSE of India traded 6 billion contracts in 2019, up 58% from the year prior, compared to 4.83 billion contracts traded at CME Group.
Nasdaq to provide technology to the National Stock Exchange of India (NSE) for post-trade systems and functions.
Legal battle with National Stock Exchange of India forces SGX to delay launch of new Indian futures products.
Singapore Exchange plans to launch new Indian equities futures products in June.
Vikram Limaye, CEO of India's National Stock Exchange (NSE) outlines his vision of where the Indian markets need to focus in the sort to medium-term.
This is the first time that derivatives on Indian sector indices are being launched outside India.