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Stocks

Indian bourses suddenly end overseas data exchanges

Move made over worries of lost liquidity, and creates confusion in Singapore and Dubai

Major Indian exchanges including the BSE, formerly the Bombay Stock Exchange, surprised investors by halting data sharing with foreign rivals and ending licensing agreements.   © Reuters

NEW DELHI/MUMBAI Indian stock exchanges will stop licensing products and data to overseas bourses, a move that has sparked concerns in Singapore and elsewhere about market access and potential trading disruptions.

The Indian exchanges made the decision on Feb. 9, looking to limit the migration of trading volume to Singapore, Dubai and other foreign locations.

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