Mumbai/Singapore June 16 (IANS) Singapore Exchange (SGX) on Saturday said that it has been granted a licence extension to continue the listing and trading of "SGX Nifty contracts beyond August 2018".
The development SGX says has come as a part of the ongoing arbitration proceedings.
According to SGX an order dated June 14 2018 passed by the arbitrator directs SGX and IISL the National Stock Exchange (NSE) s index company to facilitate the "continued listing of SGX Nifty products for at least two successive contract month maturations beyond the arbitration s completion date."
"SGX was directed to refrain from offering new India equity derivatives products such as those announced on 11 April 2018 in accordance with the order... " the statement said
As per the statement arbitration proceedings "are continuing and the hearings on evidence are expected to commence in early 2019".

--IANS rv/bg