What is NSE IX-SGX?

Gify Nifty

  • NSE IX-SGX Connect is a collaboration between the NSE and the Singapore Exchange (SGX) to build stock index-based products from GIFT city and to bring global investors to India

  • SGX Nifty renamed as Gift Nifty from July 3 and will be entirely traded from NSE IX-SGX Connect at GIFT City.

  • Through SGX Group’s unique trading infrastructure in GIFT City, investors from around the world can now trade Nifty contracts listed on NSE IX seamlessly and efficiently with global risk-management and clearing standards

  • This model brings together NSE IX participants and SGX participants to create a bigger liquidity pool for Nifty products on NSE IX.

Key Highlights

  • A Single pool of liquidity for NIFTY Contracts at GIFT IFSC
  • Regulated by both MAS ( Singapore ) and IFSCA ( Gift IFSC )
  • Enhanced trading hours. Market trades from 0630 am to 0245 am (next day)
  • Competitive exchange pricing
  • No Stamp Duty, No STT and no IPF costs.
  • Benefit of liquidity at SGX. Daily Turnover of USD 3.9 Billion and Open Interest of USD 9.6 Billion

Why SMC Global IFSC Pvt Ltd ?

  • One of the most awarded names in the financial services domain with pedigree of more than 30 years. SMC Global Securities Ltd is a listed entity.
  • Benefit of co-location in GIFT-IFSC and DMA solutions
  • Trading and clearing members of NSEIX , India INX and IIBX
  • Registered SNAP to provide Omnibus trading solutions to clients
  • Amongst the first brokers to set up shop and operations in Gift City.

Exchange Costs

Exchange Transaction Charges – Gift Nifty Futures

Prop- $0.40 / Client - $1.50 per lot

Exchange Transaction Charges – Gift Nifty Options:

Prop- 0.05% Option Premium/ Client - 0.10% of Option premium

IFSCA Turnover
Fee

0.00010% of the turnover

Memberships: Indiainx 5011| NSEIX | IIBX TSM Membership Number 2012 | IIDL DP No. IFSCA/DP/2022-23/008

SMC Global IFSC (Pvt) Ltd: CIN No.: U65990GJ2016PTC094622 | SEBI/IFSCA Reg. No. INZ000097436.

Corporate Address: Unit 222, 2nd Floor, Signature Building, Block No 13B, Road 1C, Zone 1, Gift SEZ, Gift City. Gandhinagar. Gujarat 382355| Email: smc@smcifsc.com

We do not share client details with any third party and do not sell any tips or recommendations. In case anyone calls you posing as a SMC Global IFSC (Pvt) Ltd, offering/inducing you to trade, please send us an email at

Disclaimer

Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. Investment in US Stocks is under LRS and subject to limits and TCS as prescribed by the RBI.

IFSCA / SEBI Registration Number INZ000097436
INDIA INX 5011
NSE IFSC Exchange 10021
IIBX – TM-CM Membership Number 2012
IIDL – Depository Participant Number IFSCA/DP/2022-23/008

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