National Stock Exchange (NSE) on Wednesday, April 1, announced a collaboration with Indian Gas Exchange (IGX) to introduce exchange-traded derivatives based on natural gas traded and delivered on the IGX platform.
As part of this collaboration, NSE will launch Indian natural gas derivative contracts based on IGX’s benchmark Price Index GIXI (Gas IndeX of India). The contracts will be designed to reflect domestic gas market dynamics, with pricing linked to actual trades on the IGX platform, the exchange said in a press release.
NSE said it has received approval from the capital markets regulator, Securities and Exchange Board of India (SEBI), to launch the Indian Natural Gas Futures. The launch dates for the same will be communicated at a later date.
More to come…