The National Stock Exchange (NSE) on March 1 said it has received approval from markets regulator Securities and Exchange Board of India (Sebi) to launch the rupee-denominated NYMEX WTI crude oil and natural gas futures contracts in its commodity derivatives segment.
The launch date for these contracts will be announced soon, National Stock Exchange said in a release. Last month, the exchange signed a data licensing agreement with CME Group. The pact allows the bourse to list, trade and settle rupee-denominated NYMEX WTI crude oil and natural gas derivatives contracts on its platform.
The addition of these contracts will expand NSE's product offering in the energy basket as well as its overall commodity segment. These contracts are designed to provide the market participants with a more efficient way to manage their price risk.
Commenting on development, Shri Sriram Krishnan, Chief Business Development Officer, NSE said: “It gives us immense pleasure to inform the market participants that NSE has received the regulatory approvals to launch the NYMEX WTI Crude Oil and Natural Gas futures contracts. It has always been our objective to provide the market participants with a suite of dynamic & robust financial products. We hope that it provides the market participants with an efficient avenue to hedge their price risk and meet their trading objectives. We will announce the launch date of these contracts soon.”
Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe. The contracts would provide the market participants with an efficient avenue to hedge their price risk and meet their trading objectives, Sriram Krishnan, Chief Business Development Officer of NSE, said.
NSE gets final approval from Sebi to launch Social Stock Exchange
