Marking the New Era of Transforming Indian Financial Landscape.
NSE International Exchange (NSE IX) today unveiled a new and refreshed brand identity of GIFT Nifty as
a part of full-scale transition of SGX Nifty to Gift Nifty from July 3, 2023. The new identity of Gift Nifty
signifies the unique opportunity and new direction for the international investors to participate in India’s
growth story to access Nifty products through NSE IX at GIFT City. The new look of Gift Nifty is aligned
with the flagship index NIFTY 50, which reflects the growth story of Indian equity markets.
The unveiling of the new logo follows the recent announcement of full-scale operations of NSE IX-SGX
Connect to start from July 3, 2023. This strategic initiative between NSE IX and SGX, enables Gift Nifty
orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and
settlement through SGX Derivatives Clearing.
To begin with, market participants can access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services
and Gift Nifty IT derivative contracts on NSE IX and gradually other indices will be rolled out under Gift
Nifty suite. These contracts are accessible for almost 21 hours, which overlaps Asia, Europe, and US
trading hours. Gift Nifty offers a single pool of liquidity and venue to access USD denominated Nifty
derivatives at NSE IX under the regulatory framework of International Financial Services Center Authority
(IFSCA).
In addition, NSE IX also unveiled its new corporate brand identity evolving distinctly designed IX along
with NSE to signify the ambition and vision of NSE International Exchange to be a leader in global capital
market landscape.
Commenting on the occasion:
Shri Injeti Srinivas, Chairperson, IFSCA, said: “IFSCA aims to develop IFSC as global gateway for
inbound and outbound requirement of the international financial services. Given the growing influence of
international investors in India’s growth story, Gift Nifty plays a catalytic role to access broad
representation of Indian equities. I take this opportunity to complement NSE IX on unveiling Gift Nifty
brand identity and corporate identity.”
Shri Ashishkumar Chauhan, MD and CEO, NSE said: “The new identity of Gift Nifty signifies the
unique opportunity and new direction for the international investors to participate in India’s growth story to
access Nifty products through NSE International Exchange at GIFT City. This brings us one step closer
to the full-scale transition of SGX Nifty to Gift Nifty from July 3, 2023. Gift Nifty will be a catalyst in
achieving Hon’ble Prime Minister’s vision for GIFT City to become a price setter for largest traded
instruments in the world.”
Shri V. Balasubramaniam, MD and CEO, NSE IX said: “GIFT Nifty offers global investors a single
venue for the trading of USD denominated Nifty derivatives. This is an important milestone to begin the
transformation of GIFT City financial landscape and make this a truly global IFSC. NSE IX also unveils
its new corporate brand identity which signifies the ambition and vision of NSE International Exchange to
be a leader in global capital market landscape.”
About NSE IX:
The trading at NSE IX Limited was launched on June 5, 2017 post receiving grant of recognition from SEBI. NSE IX has already launched trading in Indian and global stock derivatives, index derivatives, currency derivatives, depository receipts and non-agriculture commodity derivatives. SEBI & IFSC Authority have also permitted trading in a wide range of products including equity shares of companies incorporated outside of India, debt securities of eligible issuers, interest rate derivatives and all categories of exchange traded products that are available on stock exchanges in FATF/IOSCO compliant jurisdictions. In addition, the regulator has allowed FPIs to trade in commodity derivatives in GIFT IFSC. NSE IX is the only exchange in GIFT City to be part 30 exempted by Commodity Futures Trading Commission (CFTC). For more information, please visit www.nseifsc.com.
https://youtu.be/RZnjSeRmOds
