The National Stock Exchange of India has entered into a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on its Platts physical spot market benchmarks.
Having received SEBI approval, NSE will initially launch Dated Brent Crude Oil (Platts) futures contracts based on the Platts Dated Brent benchmark.
The Exchange has announced that it will launch the contracts on April 13.
A part of S&P Global Energy, Platts is a leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities markets.
The move marks a significant step in deepening India’s energy derivatives ecosystem and aligning it with globally recognised pricing standards.
The exchange aims to provide market participants a robust, transparent and globally relevant risk management tool linked to internationally trusted energy reference prices.
The proposed contracts are designed to aid a wide spectrum of market participants, including refiners, importers, traders, financial institutions and investors seeking exposure to global Brent crude oil markets through a regulated domestic platform.
Sriram Krishnan, Chief Business Development Officer, NSE said by introducing derivatives on Platts benchmarks, starting with Brent Crude Oil, the exchange aims to offer market participants credible and efficient tools for price discovery and risk management.
These products will bridge domestic and international markets, while enhancing India’s position in the global energy trading ecosystem, he said.
Platts benchmarks are widely used across global commodity markets and exchanges, and their integration into NSE’s derivatives offerings is expected to bring enhanced transparency, credibility, and alignment with the nation’s relevant Crude Oil variety pricing mechanisms.