Access USD-denominated Nifty derivatives via the NSE IFSC-SGX Connect (“GIFT Connect”)

GIFT Connect

SGX and NSE has entered a formal agreement to operationalise the NSE IFSC-SGX Connect (“GIFT Connect’). The GIFT Connect brings together international and onshore GIFT participants to create a bigger liquidity pool for Nifty products on NSE IFSC (“Nifty Contracts”).

SGX India Connect IFSC (“SGX-ICI”), a special purpose vehicle and a SGX wholly owned subsidiary incorporated in India, will route SGX members’ orders on Nifty Contracts to NSE IFSC for trade matching. Trades executed through SGX on NSE IFSC are cleared on NICCL and simultaneously cleared on SGX-DC as a central counterparty for SGX Clearing Members.  SGX-DC Members will be subject to SGX-DC clearing infrastructure and risk management.

Experience the GIFT Connect

• Explore an alternative way to access USD Nifty derivatives via SGX
• Be connected to the best of both worlds – trade USD denominated Nifty Contracts at NSE IFSC, clear and settle at SGX-DC, best in class regulation, internationally recognised Clearing House

GIFT Connect Platform

For information related to the GIFT Connect platform, please access GIFT Connect Portal where members can download technical specifications, user guides and other related materials.

GIFT Portal click here.

Products offered by SGX ICI for trading via GIFT Connect

Products offered by SGX ICI are the Nifty derivatives are listed on NSE IFSC and regulated by International Financial Services Authority (IFSCA).  Like SGX Nifty contracts, market participants can trade these Nifty Contracts almost all days in a year across Asia, European and US trading hours.

Products offered by SGX ICI

• NSE IFSC Nifty 50 Index Futures and Options
• NSE IFSC Nifty Bank Index Futures and Options
• NSE IFSC Nifty IT Index Futures and Options
• NSE IFSC Nifty Financial Services Index Futures and Options

Please click here for more information on Nifty Contracts listed on NSE IFSC