NSE to launch options on WTI crude, natural gas futures contracts from October 9

NSE said the contracts will be traded from Monday through Friday between 9:00 am to 11:30 pm or 11:55 pm, based on US daylight saving time period.

The National Stock Exchange (NSE) has announced that it will introduce options contracts on underlying WTI crude oil and natural gas futures in the commodity derivatives segment from October 9, bringing forward the launch from October 16.

The exchange will launch November, December and January contracts for WTI crude and November and December contracts for natural gas on October 9.

The NSE said the contracts would be traded from Monday through Friday between 9 am to 11.30 pm or 11.55 pm, based on the US daylight saving time.

For individual clients, in the case of WTI contracts, 9,60,000 barrels or 5 percent of the market-wide open position, whichever is higher, will be the maximum allowable open positions.

For a member collectively for all clients, 96,00,000 barrels or 20 percent of the market-wide open position would be the limit, the exchange said.

In the case of natural gas, 120,00,000 MMBtu or 5 percent of the market- wide open position would be the limit for individuals. For a member collectively for all clients, it is 12,00,00,000 MMBtu or 20 percent of the market-wide open position.

"For any queries related to risk management, clearing and settlement, members are requested to contact NSE Clearing Limited," the exchange said.