NSE IFSC and London Stock Exchange Sign MoU to Explore Cross-Border Listings and Trading

Key facts

• London Stock Exchange (LSE) and NSE IFSC Ltd (NSEIX) signed a memorandum of understanding (MoU) to explore cross-border listings, trading, and new financial products.
• The exchanges will explore dual and cross-listings in equities, fixed-income securities, and exchange-traded funds (ETFs).
• The collaboration covers NSEIX-linked derivatives tied to FTSE Russell indices, new equity indices, cross-border trading connectivity, and market data distribution.
• NSEIX is based at GIFT City and offers single-stock and index derivatives, currency derivatives, depository receipts, and global stocks.
• The initiative follows the India-UK Comprehensive Economic and Trade Agreement (CETA).
• NSEIX Managing Director and CEO V Balasubramaniam stated the agreement aims to open opportunities in capital market connectivity and financial services integration between India and the UK.