The National Stock Exchange (NSE) on Monday, October 16, announced the launch of 13 new commodity derivatives contracts. The exchange said that the move will help investors efficiently manage their risk.
With this new addition, NSE now offers 28 products in the commodity derivatives segment.
The 13 new derivatives contracts are 'option on futures' on gold 1kg futures, gold mini futures, silver mini futures, copper futures, zinc futures, gold guinea (8 grams) futures, aluminium futures, aluminium mini futures, lead futures, lead mini futures, nickel futures, zinc futures and zinc mini futures.
Over the last few days, NSE has also launched six other derivatives contracts — WTI crude oil, natural gas, and silver.
NSE already had commodity contracts on gold 1kg futures, gold mini futures, gold petal futures (1 gram), silver 30 kg futures, silver 30 kg option on goods, WTI crude oil futures, natural gas futures, brent crude oil futures and copper futures.
The exchange said in its statement that it has observed an increase in participants interest in the commodity derivatives segment with the launch of new products, particularly the derivatives on WTI crude oil and natural gas.
This involves diverse categories of participants including Foreign Portfolio Investors (FPIs) and domestic mutual funds.
The national exchange has also set up a dedicated teams to provide ease of onboarding for new trading members, segmental enablement for existing trading members, and another operational process such as algorithmic trading approvals to provide ease and seamless experience.
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