Question

    NSE International Exchange (NSE IX) has unveiled a new

    brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty. What is the purpose of the strategic initiative between NSE IX and SGX?
    A To transition from SGX Nifty to Gift Nifty Correct Answer Incorrect Answer
    B To provide trading and execution services for Gift Nifty orders from SGX members Correct Answer Incorrect Answer
    C To facilitate clearing and settlement through SGX Derivatives Clearing Correct Answer Incorrect Answer
    D To enable international investors to participate in India's growth story Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    NSE International Exchange (NSE IX) has unveiled a new brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty.   According to the bourse, the new identity signifies a unique opportunity and new direction for international investors to participate in India's growth story to access Nifty products through NSE IX.     The strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.

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