NSE IX, London Stock Exchange explore cross-listings, trading connectivity

The National Stock Exchange of India (NSE IX) and the London Stock Exchange (LSE) have signed a memorandum of understanding (MoU) to explore cross-listings and trading connections between their respective markets. The collaboration aims to allow equities, fixed-income securities, and exchange-traded funds (ETFs) to be listed on both exchanges, as well as to establish cross-border trading connectivity.

Additionally, the partnership will investigate derivatives listed on NSE IX using FTSE Russell indices as benchmarks, joint development of equity indices, and the trading of existing financial products. V Balasubramaniam, the managing director and CEO of NSE IX, stated that the seeds of this collaboration were planted through the India-UK Comprehensive Economic and Trade Agreement (CETA), which seeks to enhance capital markets connectivity and financial services integration between London and India.

Dame Julia Hoggett, the CEO of the LSE and head of Digital & Securities Markets at LSEG, noted that the MoU represents another step in their efforts to connect the Indian and UK capital markets, with the potential to generate growth opportunities for both companies and their investors.