The full form of SGX Nifty is Singapore Stock Exchange Nifty i.e. SGX + Nifty. SGX Nifty, a derivative of India’s Nifty index CNX Nifty that is popular for trading in futures contracts, is traded on the Singapore Stock Exchange. CNX Nifty stands for Regional Stock Market Index, which was launched on 22 April 1996. Singapore Exchange started trading in Nifty in December 2011 in India. In 2011, India Index Services & Products Limited (IISL) licensed SGX and allowed its product range in India, such as derivative contracts, CNX Nifty Junior, CNX 100, and CNX Midcap Indices. SGX has offices in India at GIFT City in Gujarat and Peninsula Business Park in Mumbai. Foreign investors, non-resident Indians, and brokers in the Singapore share market can invest in SGX Nifty. They are those, who are unable to do Nifty trading in the Indian stock market. Indian residents are not allowed to trade at SGX Nifty. NSE informed on 16th May that it has received approval from the Monetary Authority of Singapore (MAS) and the International Financial Services Centers Authority (IFSCA) to delist SGX NIFTY from Nifty 50 futures. On July 3^rd, 2023 all orders of SGX will be transferred to NSE IFSC. With the transfer of open positions of SGX NIFTY to NSE IFSC NIFTY, no open interest will remain in SGX NIFTY.

SGX Nifty will be suspended after the trading session of 30th June 2023. And Investors will be able to trade in the dollar-denominated Nifty futures contract available on the SGX in Gift City.  After 3rd July, 100% orders of SGX will be transferred to NSE International Financial Services Centers exchange in gift city, so SGX will be renamed as NIFTY as GIFT NIFTY.