SGX-NSE Showdown Outcome May Have Roots in Prior Suit
In its battle with India's exchanges, SGX may be able to use a judgment in a previous disagreement between ICE and Nymex.
![rimes-roundtable-fencing-fighting-nov2013 rimes-roundtable-fencing-fighting-nov2013](/sites/default/files/styles/landscape_750_463/public/import/IMG/373/274373/rimes-roundtable-fencing-fighting-nov2013-580x358.jpg.webp?itok=n_amKyih)
On May 22, the SGX announced that the NSE made an application in the Bombay High Court for an interim injunction on the new products, which have been slated for a June 4 listing.
On May 24, the Bombay High Court deferred a hearing on the dispute between the two exchanges to May 26.
The new products will essentially replace SGX’s Nifty 50 suite of products, which will cease to exist following a data licensing ban, enacted in February, which prohibits foreign exchanges from developing products
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