SEBI Approves NSE's Launch of Futures Contracts for WTI Crude Oil and Natural Gas
Capital markets regulator has approved the National Stock Exchange’s (NSE) bid to launch a rupee-dominated WTI crude oil and natural gas contracts as a part of its commodities derivatives segment.
By way of this approval, the NSE can now list and trade rupee-dominated Nymex WTI crude oil and gas derivative contracts.
Owing to the addition of these contracts, NSE’s product offering will expand when it comes to the energy segment, as well as the overall commodity segment in general.
Here, we must note that the Nymex WTI crude oil contracts, as well as the natural gas contracts, are some of the most frequently traded commodity derivatives contracts.
By way of this announcement, NSE hopes to offer market participants an efficient way to hedge all their price risks, as well as meet their trading goals.
As of 2022, NSE remained the world’s largest derivatives exchange, in terms of trading volume (as per the Futures Industry Association)
Source: Economic Times
By: via Telegram.me/AlliesFin #StockMarket #india
