The National Stock Exchange, Metropolitan Stock Exchange of India and Bombay Stock Exchange have issued a joint statement revealing they will no longer license their market data and indices to foreign exchanges. In the statement, the three exchanges said that “due to various reasons, we are not able to provide access for our customers from outside India. The decision plunges the future of Singapore Exchange’s (SGX) flagship futures index, the SGX Nifty, into doubt. SGX said it would "develop and launch new India-access risk management solutions".
The National Stock Exchange, Metropolitan Stock Exchange of India and Bombay Stock Exchange have issued a joint statement revealing they will no longer license their market data and indices to foreign exchanges. The Indian exchanges cited liquidity outflows as the reason behind the decision. The decision plunges the future of Singapore Exchange’s (SGX) flagship futures index, the SGX Nifty, into doubt. SGX said it would "develop and launch new India-access risk management solutions".