loading
loading
Listen to this article in summarized format The agreement, announced at GIFT IFSC in Gandhinagar on October 13, will allow the two exchanges to explore opportunities for dual and cross-listings across equities, fixed income and exchange-traded funds. The partnership will also look at trading in existing financial products and the development of new products, including derivatives on NSEIX using FTSE Russell indices as underlying references. The MoU also covers possible joint development of new equity indices, cross-border trading connectivity and market-data distribution. The framework is exploratory at this stage, but it signals a deeper push to connect Indian issuers and investors with London’s capital market ecosystem. For NSEIX, the pact comes at a time when GIFT City is being developed as India’s international financial services hub. The exchange already offers a range of products, including Indian single-stock derivatives, index derivatives, currency derivatives, depository receipts and global stocks. It also provides primary-market products such as equity share listings, SPACs, REITs, InvITs, depository receipts, debt securities and ESG debt securities under the IFSCA framework. V Balasubramaniam, MD and CEO of NSEIX, said the collaboration had emerged from the India-UK Comprehensive Economic and Trade Agreement, which is aimed at opening new areas in capital-market connectivity and financial-services integration between London and India. "The LSEG London Stock Exchange and NSEIX have taken this first step towards collaborations through dual listings and cross listings across products and exploring a cross-border connect between the two exchanges to provide seamless bidirectional trading opportunities, leading to higher liquidity and a larger pool of investors," Balasubramaniam said. Dame Julia Hoggett, CEO of London Stock Exchange plc and Head of Digital & Securities Markets at LSEG, said the London Stock Exchange has a strong record of building partnerships with exchanges globally. "The signing of this MoU marks the next step in our sustained efforts to connect two of the world's great capital markets, to create tangible benefits for the investors and companies we serve," she said. The proposed collaboration could matter for Indian companies looking for wider pools of global capital, especially as domestic markets see rising IPO activity and more firms assess overseas investor access. Dual and cross-listing frameworks, if developed, could help issuers reach investors across jurisdictions while giving investors more routes to participate in Indian and India-linked products. Also read: Sebi proposes review of framework for monitoring utilization of issue proceeds The agreement also points to the growing importance of GIFT IFSC as a bridge between domestic Indian markets and international capital. NSEIX was set up at GIFT City in 2017 and is recognised by the International Financial Services Centres Authority. NSEIX and GIFT Nifty have received exemptions and regulatory relief that allow US customers to participate in derivative contracts listed on the exchange. Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-14 03:04