The National Stock Exchange (NSE) has announced that it will launch futures contracts on underlying WTI crude oil and natural gas on May 15. Earlier this month, the exchange was approved by markets regulator Sebi to launch its commodity derivatives segment with rupee-denominated Nymex WTI crude oil and natural gas futures contracts.
NSE’s product offering in the energy basket and across its overall commodity segment will be enhanced by these contracts.
According to industry experts, these contracts would allow market participants to hedge their price risk efficiently.
NSE said in a circular that future contracts on underlying WTI crude oil and natural gas (Henry Hub) will be available for trading in commodity derivatives segment from May 15, 2023.
A data licensing agreement was signed between NSE and CME Group in February. The pact allows the bourse to list, trade and settle rupee-denominated WTI crude oil and natural gas derivatives contracts on its platform.
