NSE gets Sebi to launch futures contracts for WTI crude oil and natural gas

The National Stock Exchange announced on Wednesday that it has received approval from market regulator Sebi to list the rupee-denominated NYMEX WTI crude oil and natural gas futures contracts in its commodity derivatives segment.

The start date for these contracts will be announced shortly, NSE said in a press release.

Last month, the exchange signed a data license agreement with CME Group. The pact allows the exchange to list, trade and settle rupee-denominated NYMEX WTI crude oil and natural gas derivative contracts on its platform.

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The addition of these contracts will expand NSE’s product offering in the energy basket as well as across the commodity segment. These contracts are designed to provide market participants with a more efficient way to manage their price risk, the press release said.

Nymex WTI crude oil and natural gas contracts (Henry Hub) are among the world’s most traded commodity derivative contracts, attracting interest worldwide.

The contracts would provide market participants with an efficient way to hedge their price risk and meet their trading targets, said Sriram Krishnan, NSE’s chief business development officer.

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