Unveiling the All-New Avatar of Gift Nifty: NSE International Exchange's Game-Changing Transformation!
NSE International Exchange (NSE IX) on Monday unveiled a new and refreshed brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty from July 3, 2023. The new identity of Gift Nifty signifies a unique opportunity and new direction for international investors to participate in India’s growth story to access Nifty products through NSE IX at GIFT City. The new look of Gift Nifty is aligned with the flagship index NIFTY 50, which reflects the growth story of Indian equity markets.
The unveiling of the new logo follows the recent announcement of full-scale operations of NSE IX-SGX Connect to start on July 3, 2023. This strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.
To begin with, market participants can access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services and Gift Nifty IT derivative contracts on NSE IX and gradually other indices will be rolled out under the Gift Nifty suite. These contracts are accessible for almost 21 hours, which overlaps Asia, Europe, and US trading hours. Gift Nifty offers a single pool of liquidity and venue to access USD-denominated Nifty derivatives at NSE IX under the regulatory framework of the International Financial Services Center Authority (IFSCA).
In addition, NSE IX also unveiled its new corporate brand identity evolving distinctly designed IX along with NSE to signify the ambition and vision of NSE International Exchange to be a leader in the global capital market landscape.
Commenting on the occasion, Injeti Srinivas, Chairperson, IFSCA, said: “IFSCA aims to develop IFSC as a global gateway for inbound and outbound requirement of the international financial services. Given the growing influence of international investors in India’s growth story, Gift Nifty plays a catalytic role to access a broad representation of Indian equities. I take this opportunity to complement NSE IX on unveiling Gift Nifty brand identity and corporate identity.”
Ashishkumar Chauhan, MD and CEO of NSE expressed that “The new identity of Gift Nifty signifies the unique opportunity and new direction for the international investors to participate in India’s growth story to access Nifty products through NSE International Exchange at GIFT City. This brings us one step closer to the full-scale transition of SGX Nifty to Gift Nifty from July 3, 2023. Gift Nifty will be a catalyst in achieving Prime Minister’s vision for GIFT City to become a price setter for largest traded instruments in the world.”
V. Balasubramaniam, MD and CEO of NSE IX added, “GIFT Nifty offers global investors a single venue for the trading of USD-denominated Nifty derivatives. This is an important milestone to begin the transformation of the financial landscape and make this a truly global IFSC. NSE IX also unveils its new corporate brand identity which signifies the ambition and vision of NSE International Exchange to be a leader in the global capital market landscape.”