NSE and CME group entered into an agreement to enable trading of WTI crude oil and natural gas. After SEBI's approval, NSE will start trading these two benchmarks in Indian currency
To commence trading of Nymex WTI crude oil and natural gas, NSE on Wednesday signed a data licensing agreement with derivatives marketplace CME Group.
ALSO READ: Ambuja Cements stocks remain under F&O restrictions on NSE
With this agreement, the National Stock Exchange (NSE) has been able to list, trade and settle Nymex WTI crude oil and natural gas derivative contracts, expanding its NSE product offering and its overall commodity segment for Indian market participants. Will happen.
To be able to launch the additional features of the contract, NSE has applied for approval from the Securities and Exchange Board of India (SEBI).
ALSO READ: Dividend-paying stocks: 8 stocks to trade ex-dividend today, February 15
After SEBI's approval, NSE will be able to trade in the futures of these two global benchmarks in Indian Rupee. The stock exchange also pointed out that the Nymex WTI crude oil and natural gas contracts are among the world's most traded commodity derivatives contracts, attracting the attention of investors across the globe.
"The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are among the world's most traded commodity derivative contracts, generating interest from across the globe," said Sriram Krishnan, Chief Business Development Officer, NSE.
This tie-up will help NSE to expand its trading footprint by broadening its energy basket. In addition, these contracts will be beneficial for Indian market participants to carry out their price risk management activities. This will also help them in achieving their business objectives.
No comments:
Post a Comment