Corporate Communications

Economic Times

NSE IFSC and SGX launch negotiable large trades

The National Stock Exchange (NSE) - Finance Services Center (IFSC) on Monday introduced a new facility through which clients of Singapore Exchange (SGX) can execute Negotiable Large Trades (NLT) through Gift City. This marks the first phase in operationalising the proposed NSE-SGX connect from Gift City, Gujarat. Negotiable Large Trades are typically large trades pre-negotiated between the buyer and seller. Unlike normal trades, where exchange servers match a buy and sell order, NLTs are trades are negotiated between two parties after which they are executed on the exchanges. This new product is a part of the proposed IFSC connect between NSE and SGX where eventually all the India related orders on SGX platform will be routed to NSE IFSC for execution.

The connectivity is expected to become fully functional by July-August this year, market participants said.

View Details