The National Stock Exchange (NSE) on October 16 expanded its commodity derivatives segment with the launch of 13 new contracts, taking the number of products offered to 28.
The new derivatives include 'Option on Futures' for Gold 1kg Futures, Gold Mini Futures, Silver Mini Futures, Copper Futures, and 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 are the other contracts.
"With the launch of 13 new products today, futures and options on all key products in energy, bullion and base metals category are available on NSE platform. This will enable participants to efficiently manage their risk across commodities on the exchange platform," NSE Chief Business Development Officer Sriram Krishnan said.
This move follows the introduction of six additional derivatives contracts by NSE, including WTI Crude Oil–Mini Futures and Options on Futures, Natural Gas-M ini Futures and Options on Futures, and Silver–Mini Futures and Micro futures contracts.
NSE's commodity derivatives segment already featured contracts for Gold 1 kg 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.