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

Daily News & Analysis, 3 Jan 2011The 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