NSE signs data licensing pact with CME Group for WTI crude oil, natural gas contracts

New Delhi: Leading stock exchange NSE on Wednesday said that it has entered into a data licensing agreement with derivatives marketplace CME Group for WTI crude oil and natural gas contracts. The pact will allow National Stock Exchange (NSE) to list, trade and settle rupee denominated Nymex WTI crude oil and natural gas derivatives contracts for Indian market participants, the exchange said in a statement. The addition of the contracts will expand the NSE product offering and its overall commodity segment.

NSE applied to SEBI for launching additional futures contracts

NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the additional futures contracts. "On receiving approval from Sebi, NSE would make trading available in futures of these two global benchmarks, which will be settled in INR, on the NSE platform.

Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are world's most traded commodity derivatives contracts

"The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe," said Sriram Krishnan, Chief Business Development Officer, NSE. This would help the exchange broaden its energy basket and these contracts will be beneficial for the Indian market participants to meet their price risk management activities as well as trading objectives, he added.

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