SEBI gives nod to NSE to launch the rupee-denominated Nymex WTI crude oil and natural gas futures contracts

Mumbai: Indian market regulator, the Securities and Exchange Board of India (SEBI) has given a nod to the National Stock Exchange (NSE) to launch the rupee-denominated Nymex WTI crude oil and natural gas (henry hub) futures contracts in its commodity derivatives segment. These contracts are the most traded the world over in commodity derivatives.

NSE had signed a data licensing agreement with the 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.

Chief Business Development Officer of the NSE, Sriram Krishnan said it has always been the objective to provide the market participants with a suite of dynamic and robust financial products. He further said that they hope that it provides the market participants with an efficient avenue to hedge their price risk and meet their trading objectives. Mr. Krishnan said the launch date of these contracts will be announced soon.