TCS to operate trading platform of Nifty IFSC

Mumbai, Mar 16 (PTI) Tata Consultancy Services (TCS), which controls over 40 per cent of capital market infrastructure solutions, has bagged a contract from the Singapore Stock Exchange (SGX). Under this contract, TCS will be required to conduct trading and settlement forums on the upcoming SGSX Nifty Exchange at the International Financial Services Center in Gandhinagar. The platform, named ‘NSE IFSC-SGX Connect’, will enable members of the Singapore Stock Exchange to trade with Nifty derivatives on NSE IFSC. NSE IFSC may start functioning from the middle of this year. TCS

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