The popular SGX Nifty Futures contract, which is currently traded at the Singapore Exchange, will debut at Gujarat International Finance TEC (prize) City this week.

The report said that Prime Minister Narendra Modi would launch Nifty Futures who were dollar -denominated and inaugurated India’s international bullion exchange on Friday.

Sumber said SGX Nifty would trade simultaneously at Gift City and Singapore at first before stopping at Singapore. SGX Nifty is reported to trade in the city loss for almost 19 hours a day.

A good step. Because of the time, foreign investors usually get advantages because Singapore is the first open, “said Aditya Kondawar, partner and Vice President Complete Circle Capital. “This will eliminate the superiority plus volume will come to Cimbing City in India.”

The nifty derivative contract on SGX is the most traded. They are used by global investors to protect their exposure to India. SGX Nifty is a joint venture of NSE and Singapore Exchange.

National Stock Exchange and SGX have formed a special destination vehicle – NSE IFSC -SGX Connect – to launch good products in Gift City. This happened after NSE and SGX went to court because of disputes about trading volume flights to Singapore.