Big change is going to happen in the stock market from July 3, know what will affect you

The Singapore Stock Exchange (SGX) Nifty will be known as GIFT Nifty from July 3. This has been announced by the National Stock Exchange (NSE) itself. For this, all orders placed on Singapore Exchange will be fully transferred to NSE IFSC Exchange for matching.
The exchange said that regulatory approvals from the Monetary Authority of Singapore (MAS) and the International Financial Services Centers Authority (IFSCA) have already been obtained.
An NSE spokesperson said, "From July 3, all SGX orders will be 100 percent transferred to GIFT City, NSE IFSC exchange for matching, SGX Nifty to be called GIFT Nifty from July 3."
NSE IFSC is a wholly owned subsidiary of NSE which is an exchange of the International Financial Services Center (IFSC) at Gujarat International Finance Tec-City (GIFT), Gujarat. The Singapore Exchange (SGX) announced last month that the NSE IFSC-SGX Connect at the International Financial Services Center in GIFT City will be operational following the transition of SGX Nifty derivatives to the NSE IFSC on July 3.
With this move by NSE, investors can now trade in dollar-denominated Nifty futures contracts available on SGX at GIFT City. In addition, investors will also have real-time access to NSE IFSC market data.
The Singapore Exchange informed its trading members in a circular that the full-scale operation of the NSE IFSC-SGX Connect (CONNECT) will take place on July 3, 2023, with the transition of SGX Nifty derivatives to NSE IFSC. Post transition, all US dollar-denominated Nifty derivative contracts will be exclusively traded on NSE IFSC."
With the transfer of all open positions in SGX Nifty to NSE IFSC Nifty, no open interest will remain in SGX Nifty. SGX Nifty will be suspended from trading after the end of the trading session on June 30.