The addition of those contracts has expanded NSE’s product providing within the vitality basket in addition to its total commodity phase. (Representative picture)
WTI Crude Oil and Natural Gas Futures come after NSE in March acquired approval from markets regulator Securities and Exchange Board of India to launch these contracts
The National Stock Exchange (NSE) on Monday launched rupee-denominated futures contracts on underlying NYMEX WTI crude oil and pure fuel in its commodity derivatives phase. This got here after the change, in March, acquired approval from markets regulator Securities and Exchange Board of India (Sebi) to launch these contracts.
The addition of those contracts has expanded NSE’s product providing within the vitality basket in addition to its total commodity phase. The launch of those contracts will present efficient buying and selling and hedging alternatives to the market members, with the provision of key vitality merchandise on a single buying and selling platform.
“It offers us immense pleasure to tell the market members that NSE has launched the NYMEX WTI crude oil and pure fuel futures contracts at this time,” Sriram Krishnan, Chief Business Development Officer, NSE said.
“With NSE Clearing Ltd providing settlement guarantee and ease of collateral fungibility across all NSE market segments, we hope that these two contracts will provide market participants with an efficient avenue to hedge their price risk and meet their trading objectives,” he added.
WTI is the underlying commodity of the New York Mercantile Exchange’s (NYMEX) oil futures contract. Further, crude oil derivatives (Brent and WTI) are essentially the most traded merchandise within the commodity by-product house. All overseas portfolio traders (FPIs) classes are permitted to commerce akin to particular person, household workplace and company FPIs.
In February, NSE had signed a knowledge licensing settlement with CME Group. The pact allowed the bourse to checklist, commerce and settle rupee-denominated NYMEX WTI crude oil and pure fuel derivatives contracts on its platform.
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