NSE signs a data licensing agreement with CME Group for WTI crude oil and natural gas contracts

The addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity segment

India's leading stock exchange, National Stock Exchange (NSE), has signed a data licensing agreement with CME Group, the world’s leading derivatives marketplace, allowing NSE to list, trade and settle rupee denominated NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts for Indian market participants.

The addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity segment. NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the additional futures contracts.

To quote Shri Sriram Krishnan, Chief Business Development Officer, NSE, from a filing, "On receiving approval from SEBI, NSE would make available trading in futures of these two global benchmarks, which will be settled in INR, on the NSE platform. 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. It gives us immense pleasure to enter into this agreement, as it will help us to broaden our energy basket and we are hopeful that these contracts will be beneficial for the Indian market participants to meet their price risk management activities as well as trading objectives."

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022.