Nifty future is trading in market other than India like Singapore

The Singapore Exchange Derivatives Trading Limited (SGX-DT) launched on 25th September 2000, Monday the SGX Nifty index futures contracts. On the very first day, the index closed at 12,970 points. The intra-day high was at 13,030 points while the intra-day low was 12,840 points.

The total volume traded was 97 contracts, all for October 2000 which is the one-month contract, according to Jimmy KH Ang, executive vice-president and head of the derivatives trading division of Singapore Exchange Ltd.

Under the memorandum of understanding (MoU) signed with NSE, SGX-DT has been granted a licence by India Index Services & Products Limited (IISL) to trade futures and options contracts based on S&P CNX Nifty Index. Both parties have agreed to cooperate in areas relating to derivatives trading, market information sharing, staff training and technical assistance.

Underlying Stock Index : CNX Nifty Index

Ticker Symbol :IN

Contract Size : US$2 x CNX Nifty Index futures price

Minimum Price Fluctuation (tick value) : 0.5 index point (US$1)

Contract Months : 2 nearest serial months and 4 quarterly months on March, June, September and December cycle.

Trading Hours :
T Session:

Pre - Opening - 8.45am - 8.58 am
Non - Cancel Period - 8.58 am - 9.00 am
Opening - 9.00 am - 6.15 pm

T+1 Session:
Pre - Opening - 7.00 pm - 7.13 pm
Non - Cancel Period - 7.13 pm - 7.15pm
Opening - 7.15 pm -10.55 pm

Note: The underlying stock market trades from 12.30 pm - 6.00 pm Singapore time, which is 10.00 am - 3.30 pm (Indian time.)

Trading Hours on Last Trading Day : 9.00 am - 6.15 pm

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.

The expiring contract shall close on its last trading day at 6.15 pm.

Daily Price Limits : Whenever the price moves by 10%, in either direction from the previous day's settlement price, trading at or within the price limit of 10% is allowed for the next 10 minutes. After the 10 minutes have lapsed, an expanded price limit shall come into effect. The expanded price limit shall be 20% above or below the previous day's settlement price. There shall be a further 10 minutes cooling-off period after the expanded price limit has been reached. Thereafter, there shall be no price limits for the rest of the day.

There shall be no price limits on the Last Trading Day of the expiring contract.

Settlement Basis : Cash Settlement. The Final Settlement Price shall be the official closing price of the CNX Nifty Index, which is derived based on the average weighted prices of the individual component stocks of the index during the last 30 minutes of trading. The official closing price will be rounded to two decimal places.

Position Limit : A person shall not own or control more than 25,000 contracts net long or net short in all contract months combined.

Additional Trading Facilities : Negotiated Large Trade (NLT): Minimum size 100 lots

The CNX Nifty Index

The CNX Nifty Index is a market capitalisation weighted index that comprises 50 component stocks representing some 60% of the total market capitalisation of the Indian bourse.

Please click on the following hyperlink to access information on the CNX Nifty Index's methodology, historical values and component stocks: http://www.nse-india.com/content/indices/ind_nifty.htm

Trading Holidays for the SGX CNX Nifty Index Futures Contract

The Exchange will be closed for trading in the SGX CNX Nifty Index futures contract on days where the underlying cash market in the National Stock Exchange of India (NSE), is closed for trading because of scheduled India holidays.
Source : SGX website