The National Stock Exchange Ltd. (NSE) launched options on the New York Mercantile Exchange (NYMEX) WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment on October 9.
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NSE received approval from Sebi for these options contracts.
Initially, the launch date was set for October 16 but was rescheduled to October 9.
Adding these options contracts enhances NSE's commodity product offerings and provides a more efficient way for market participants to manage commodity risk, said NSE.
Earlier, NSE introduced rupee-denominated futures contracts based on NYMEX WTI crude oil and natural gas in its commodity derivative segment & received a positive response from market participants.
Since their launch, over 100 trading members from various regions have participated in these contracts.
WTI is the underlying commodity for NYMEX oil futures contracts, and crude oil derivatives (Brent and WTI) are among the most traded products in the commodity derivative market.
