NSE launches WTI crude oil, natural gas futures

New Delhi: The National Stock Exchange (NSE) on Monday announced the launch of rupee-denominated NYMEX WTI Crude Oil and Natural Gas futures in its commodity derivatives segment.

After receiving the approval from Securities & Exchange Board of India (Sebi), the NSE signed a data licensing agreement with CME Group that allowed the Indian exchange to list, trade and settle rupee-denominated NYMEX WTI Crude Oil and Natural Gas derivatives contracts on its platform.

The addition of these contracts has expanded NSE’s product offering in the energy basket as well as its overall commodity segment. The contracts will provide effective trading and hedging opportunities to market participants, with the availability of key energy products on a single trading platform.

“It gives us immense pleasure to inform the market participants that NSE has launched the NYMEX WTI crude oil and natural gas futures contracts today,” said Sriram Krishnan, chief business development officer, NSE.

He added that NSE has been the trusted exchange of market participants for close to three decades, due to its robust technology platform with high levels of safety and resilience for trading.

With NCL providing settlement guarantee and ease of collateral fungibility across all NSE market segments, Krishnan hopes that these two contracts will provide market participants with an efficient avenue to hedge their price risk and meet their trading objectives.