The SGX Nifty Futures Contracts (“Nifty Contracts”) offer global investors a cost efficient way to gain broad exposure to the performance of the India equity market. Denominated in USD, the Nifty Contracts are widely traded by market participants during the Asia, Europe and US hours. In particular, the SGX Nifty futures contract is CFTC approved, providing another risk management and access tool for investors to manage their India equity portfolio.
The Nifty 50 Index is a well-diversified 50 stock index accounting for 13 sectors of the economy. Nifty 50 is owned and managed by NSE Indices Limited (formally known as India Index Services and Products Ltd.) NSE Indices Limited is India’s first specialized company focused upon the index as a core product. The Nifty 50 Index represents about 65% of the free-float market capitalization of the stocks listed on the National Stock Exchange (NSE) as of March 31, 2016.
SGX Nifty Contract Specifications:
|Contract Size||US$2 x SGX Nifty 50 Index Futures Price|
|Minimum Price Fluctuation||0.5 index point (US$1)|