NSE launches WTI Crude oil and Natural gas Futures contracts! Everything you need to know

In a bid to woo investors, NSE has waived off transaction charges in both these contracts till October-end. 

The National Stock Exchange (NSE), on May 15, 2023 (Monday) launched its rupee-denominated futures contracts on underlying NYMEX WTI crude oil and Natural Gas in its commodity derivatives segment. 

This event reportedly came after the exchange received approval market regulator Securities and Exchange Board of India (SEBI) to launch these contracts in March. 

The addition of these contracts has expanded NSE's product offering in the energy basket as well as its overall commodity segment. With the launch of these contracts, it will now provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform. 

In a bid to woo investors, NSE has waived off transaction charges in both these contracts till October-end. 

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Meanwhile, Shri Sriram Krishnan, Chief Business Development Officer, NSE commented: "It gives us immense pleasure to inform the market participants that NSE has launched the NYMEX WTI Crude Oil and Natural Gas futures contracts today. NSE has been the trusted exchange of market participants for close to three decades, due to its robust technology platform with high levels of safety and resilience for trading.  With NCL providing settlement guarantee and ease of collateral fungibility across all NSE market segments, we hope that these two contracts will provide market participants with an efficient avenue to hedge their price risk and meet their trading objectives.” 

If NSE succeeds in attracting investors in new contracts, it will also pave way to boost liquidity in other commodities traded on the exchange. The NSE WTI Crude Oil and Natural Gas contracts will be settled based on the NYMEX front-month contract’s settlement price. 

Here’s more information on the WTI Crude Oil and Natural Gas Futures contracts: