India's biggest equity bourse, the National Stock
Exchange, and Britain's London Stock Exchange Group have entered a tieup to set
up a multi-dimensional joint research centre in India. The MoU, which was
signed between two of the world's biggest stock exchanges on Wednesday, is
expected to significantly aid the growth of the Government of India's SEZ
initiative in Gift City, Gujarat, India's first Smart City and International
Finance Centre (IFC).
As part of the agreement, the two exchange groups will
launch a variety of products and services on a range of capital markets
matters. The two exchanges will conduct a joint feasibility study post signing
of the agreement on the opportunities for collaboration in the GIFT City with
the possibility of setting up a trading platform at IFC.
The joint research centre proposed in the MOU is also
expected to launch products and services. It also envisages further
collaboration for development of indices and debt market within the existing
regulatory framework.
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