Breaking Now: NSE receives regulatory on underlying WTI Crude Oil and Natural Gas futures contracts

SEBI has approved the introduction of futures contracts for WTI Crude Oil and Natural Gas (Henry Hub) in the Commodity Derivatives Segment Exchange

In March 2023, the National Stock Exchange (NSE), which is a top derivatives marketplace globally, was granted permission by the Securities & Exchange Board of India (SEBI) to launch futures contracts for NYMEX WTI Crude Oil and Natural Gas (Henry Hub) in its Commodity derivatives segment. 

 It has been announced that the SEBI has approved the introduction of futures contracts for WTI Crude Oil and Natural Gas (Henry Hub) in the commodity derivatives segment exchange. These futures contracts will be available for trading in the commodity derivatives segment starting from May 15, 2023.

WTI Crude Oil Futures will be available for trading Monday through Friday, from 9:00 am to 11:30 pm/11:55 pm (depending on the US daylight saving time). The maximum order size for WTI Crude Oil Futures will be 100 barrels, and the daily base price limit will be set at 6 per cent. 

If the daily price limit of 6 per cent is surpassed, there will be a 15-minute cooling-off period, after which the daily price limit will be increased to a maximum of 9 per cent. If the price movement in the global markets goes beyond the daily price limit of 9 per cent, the limit may be increased in increments of 3 per cent beyond the maximum limit allowed, and the regulator will be notified immediately.