SGX Nifty

SGX Nifty was launched in year 2000 and it only became popular among traders in Singapore and India in the recent few years. Many are unsure how SGX Nifty is different from Indian Nifty. In fact, they are about the same.

India Index Services & Products Limited (IISL) is a joint venture between NSE (the National Stock Exchange of India Limited) and CRISIL (formerly Credit Rating Information Services of India Limited) which compiles SGX Nifty Index Futures. In layman's terms, it means SGX Nifty futures are traded in Singapore Stock Exchange but it moves along with the direction of NSE Nifty.

For more information on NSE Nifty Components and SGX Nifty Live Quote:

http://www.sgxdt.com/sgx-nifty/live-quote.html

Why trade SGX Nifty Futures

SGX Nifty Futures is currently trading for 16 hours and it opens 3.5hours before NSE Nifty starts trading. Due to its long trading hours, SGX Nifty has seen volume increased by more than ten folds over the recent few years.

There are many reasons to trade SGX Nifty Futures besides the long trading hours:

  • Bellwether Benchmark is used to measure the performance of NSE;
  • it is denominated in US dollar;
  • the commission rates are negotiable, hence low transaction cost;
  • trade on an electronic trading platform;
  • permit to use MSCI Taiwan, Nikkei 225, MSCI Singapore to offset margins;
  • it can be offered and sold in the US (CETC Approved);
  • qualified members can pre-negotiate prices of large volume transactions (minimum 100 contracts) with SGX

SGX Nifty's Trading Hours

Contract Size US$2 x CNX Nifty Index
Ticker Symbol IN
Tick Size 0.5 index points (USD$1)
Trading Hours T session: 0900 – 1815 (pre-open 0845-0858)
T+1 session* T+1 session*: 1915 - 2255 (pre-open 1900-1913)
*There is no T+1 session on Last Trading Day
Last Trading Day Last Thursday of the month. If this happens to fall on an India holiday, the last trading day shall be the preceding business day.
Final Settlement Price

The official closing price* of the CNX Nifty Index rounded to two decimal places.
*Official closing price is derived based on the average weighted prices of the individual component stocks of the index during the last 30 minutes of trading.
Settlement Basis Cash Settlement

How Do You Trade SGX Nifty?

The simple answer is "Look for a local or international broker and open a trading account". There are many reputable futures brokers in Singapore, such as:

Philip Futures Pte Ltd
www.phillipfutures.com.sg

Ong First Tradition Pte Ltd
www.ongfirst.com

DBS Vickers Ballas Securities
www.dbsvickers.com