OPINION: No STT means Singapore Nifty options can take volumes away - Sachin P Mampatta

Daily News & Analysis, 3 Jan 2011
The Singapore Exchange, which is expected to start trading in Nifty options in February, may very well see a significant portion of volumes moving overseas.
Lower transaction costs due to lower taxation will likely result in Singapore emerging as the destination of choice for trading in Nifty options, suggest some experts.
The securities transaction tax, a levy of 0.125% on the value of all share market transactions in India, is expected to cause investors to prefer taking their positions in Singapore. Full story