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

0.00010% of the turnover