NSE to launch Options on WTI Crude Oil Futures and Natural Gas futures contracts
National Stock Exchange (NSE), India's leading and globally largest derivatives exchange, has received approval from the 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, 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 corporations, Value chain participants, and Foreign Portfolio Investors (including all categories of FPIs such as Individuals, corporations, and 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."
