Nifty may trade in London

India’s National Stock Exchange (NSE) and The London Stock Exchange Group (LSEG) signed a Letter of Intent to evaluate joint strategic business opportunities, and to co-operate together more closely in the future. As part of the agreement, both exchanges declared their intent to explore the feasibility of an agreement whereby FTSE Group may licence the FTSE 100 Index to the NSE, and whereby the NSE may licence the S&P CNX Nifty (Nifty 50) to LSEG for the purpose of issuing and trading options and other index contracts. Additionally, the two signatories will explore the possibility of holding joint training and education courses besides holding seminars with a particular focus on Small and Medium sized Enterprises (SMEs). The LoI was signed in Mumbai by Xavier Rolet, Chief Executive of LSEG and Chitra Ramkrishna, Joint Managing Director of the NSE, in the presence of the George Osborne MP, the Chancellor of the Exchequer of the United Kingdom, who is leading a high profile British business delegation to Mumbai.