National Stock Exchange (NSE), India’s leading and globally the largest derivatives exchange, has received the approval from Securities & Exchange Board of India (SEBI), to launch the Options (on Futures) on NYMEX WTI Crude Oil and Natural Gas futures contracts in its Commodity derivatives segment.
Earlier NSE launched the rupee denominated NYMEX WTI Crude Oil and Natural Gas futures contracts in its Commodity derivatives segment, on May 15, 2023. NSE has witnessed a positive response from market participants in the WTI Crude Oil and Natural Gas futures contracts. More than 100 trading members across regions have transacted in these contracts since the launch.
The addition of Options on Futures contracts will further boost NSE’s product offering in the overall commodity segment. These contracts are designed to provide the market participants particularly Corporates, Value chain participants and Foreign Portfolio Investors (including all categories of FPIs such as Individuals, Corporates & Family Offices) with a more efficient way to manage their commodity risk.
Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “It gives us immense pleasure to inform the market participants that NSE is planning to launch Options on NYMEX WTI Crude Oil and Natural Gas futures contracts in October 2023. This is a significant step towards our aim of providing the market participants with a suite of dynamic & robust financial products. We will announce the launch date of these contracts soon.
We would like to thank all the market participants for showing their trust & confidence in the NSE WTI Crude Oil and Natural Gas Futures contracts, and we are confident that the same will continue with the Options on Futures contracts as well.”
About National Stock Exchange of India Limited (NSE):
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 (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It 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. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.
For more information, please visit: www.nseindia.com
