London Stock Exchange plc (LSE) and NSE IFSC Limited (NSEIX) have announced the signing of a Memorandum of Understanding (MoU) to explore areas of strategic collaboration to drive cross border growth and innovative listing and trading opportunities for issuers and investors in both jurisdictions.
The MoU establishes a broad framework for collaboration to explore opportunities across several areas. This includes opportunities for dual and cross listings across products including equity, fixed income and ETFs, the trading of existing financial products and the development of new financial products, such as derivatives to be listed on NSEIX, using FTSE Russell indices as the underlying. reference. The collaboration will also consider the joint development of new equity indices, cross-border trading connectivity, and market data distribution.
Dame Julia Hoggett, CEO, London Stock Exchange plc, and Head of Digital & Securities Markets, LSEG, said:
“The London Stock Exchange has a strong track record of building collaborative partnerships with exchanges globally, and we are delighted to strengthen our relationship with NSEIX and explore new growth opportunities. The signing of this MoU marks the next step in our sustained efforts to connect two of the world's great capital markets, to create tangible benefits for the investors and companies we serve.”
Mr.V.Balasubramaniam, MD, CEO, NSEIX, said:
“We are delighted to be here today for this historic MoU signing. The seeds of this collaboration have germinated from The India-UK Comprehensive Economic and Trade Agreement (CETA), which aims at opening new avenues in capital markets connectivity and financial services integration between London and India. The London Stock Exchange and NSEIX have taken this first step towards collaborations through dual listings and cross listings across products, and exploring a cross-border connect between the two exchanges to provide seamless bidirectional trading opportunities, leading to higher liquidity and a larger pool of investors. NSEIX being a market leader in the GIFT IFSC ecosystem and London Stock Exchange the largest and oldest Stock Exchange in the United Kingdom, can leverage each other’s strengths, and we see this as a timely opportunity to deepen connectivity between the financial markets of the two countries.”
Contacts
LSEG Press Office
Nandeep Roopray / Stuti Singh
+44 (0)20 7797 1222
newsroom@lseg.com
www.lseg.com
About the London Stock Exchange
The London Stock Exchange is proud to set the stage for your success, where ideas meet capital and become reality. We connect companies, countries, and investors in the real world to make measurable and positive differences across the globe.
Customers look to us for broad access to capital markets and liquidity across multiple asset classes. We deliver a broad range of international equity, fixed income, exchange-traded funds, and investment vehicles. Customers can choose from our capital formation and execution venues, London Stock Exchange, AIM, Turquoise and Private Securities Market.
Having contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years, London Stock Exchange is proud to be a catalyst for opportunity and sustainable growth.
About LSEG
LSEG creates opportunity across the global economy. We unlock the power of markets for customers all over the world.
Through our open ecosystem of markets infrastructure and data solutions, we partner with our customers at every stage of trading – to make accessing and deploying capital simpler, faster and more effective.
Our insights bring clarity to complexity, and our critical services ensure resilience and stability. We enable our customers to act with confidence and conviction, with trust and integrity at the heart of everything we do.
Backed by more than three centuries of experience, we are at the forefront of change and market innovation. Our exceptional people collaborate across borders and disciplines, delivering excellence and putting our customers first. We reimagine the way our industry works and operates – and with our deep expertise, global scale and trusted partnerships, we turn ideas into reality.
From scaling new technologies to shaping new markets, LSEG is driving the transformation of global finance. We move the financial system forward every day – to make more possible for our customers.
LSEG. Make more possible.
