Trading Technologies Successfully Launches Day One Connectivity to New Joint Initiative Between SGX Group and National Stock Exchange of India for International Equity Derivatives Trading Nifty
Major global banks and other TT clients gained immediate access when trading began via NSE IFSC-SGX Connect on July 29
CHICAGO, August 2, 2022 /PRNewswire/ — Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced that the company has successfully begun offering its clients access to popular Nifty equity derivatives via NSE IFSC -SGX Connect (the Connect), a new joint initiative between Singapore Exchange (SGX Group) and National Stock Exchange of India (NSE) launched on friday july 29. The Connect – a collaboration in the business of india products based on stock market indices – is a significant achievement for india first International Financial Services Center (IFSC) known as GIFT (Gujarat International Finance Tec) City in Gandhinagar.
The Connect, which was officially launched by India Prime Minister Narendra Modiallows players on the international and national market to take a position on india exchanges through Nifty 50-based futures contracts. International members of the SGX Group and domestic NSE IFSC clients can trade and access real-time trading data of Nifty contracts through the commodity trading infrastructure derivatives of the SGX group in GIFT City.
Under Connect, all Nifty derivatives orders placed by members of the SGX group are routed and matched on the NSE-IFSC order matching and trading platform. As one of the first technology providers to offer international market participants access to Connect, Trading Technologies offers global banks and other major financial institutions using the TT® platform seamless access to equity derivatives Nifty as well as products from more than 50 other major international markets. , including the SGX Group.
TT EVP and Chief Revenue Officer Guy Scott said, “We are delighted to be among the first technology providers to offer global day-one access to Nifty’s benchmark products under the innovative new commercial regime in india GIFT City. We have seen strong demand for this access from many of our largest global banking clients, who serve institutional investors who incorporate Indian equity markets into their global macro portfolios. We are also delighted to strengthen our long-standing relationship with SGX Group and support its diverse product offering through the new Connect initiative. »
Pol de Win, Head of Global Sales and Origination, SGX Group, said, “We are delighted that the Connect is now live, allowing direct and efficient access for international and domestic investors to trade Nifty futures. With an improved liquidity pool from around the world, we are optimistic that it will support a more buoyant capital market in India. It’s been a great undertaking and we’re excited to be rolling out this innovative path through the efforts of Trading Technologies and our members.”
About Business Technologies
Commercial technologies (www.tradingtechnologies.com) creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, broker-dealers, fund managers, commodity trading advisers (CTAs), funds speculators, commercial hedgers and risk managers. In addition to providing access to major international exchanges and liquidity venues through its TT® trading platform, TT offers domain-specific technology for cryptocurrency trading and machine learning tools for trade monitoring.
SOURCE Trading Technologies