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NSE gets SEBI’s green signal to launch rupee-denominated WTI Crude Oil, Natural Gas futures contracts

02 Mar 2023 Evaluate

National Stock Exchange (NSE) has received green signal from the regulator Securities and Exchange Board of India (SEBI) to launch the rupee-denominated NYMEX WTI Crude Oil and Natural Gas (Henry Hub) futures contracts in its commodity derivatives segment. These contracts are among the most-traded commodity derivatives the world over.

Earlier, NSE had signed a data licensing agreement with CME Group allowing NSE to list, trade and settle rupee-denominated NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts on its platform. The addition of these contracts will expand NSE`s product offering in the energy basket and its overall commodity segment. These contracts are designed to provide market participants with a more efficient way to manage their price risk.

The National Stock Exchange of India (NSE) is the world`s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIN for the calendar year 2022).NSE began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data.

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