NSE Gets SEBI Approval to Launch Futures Contract in Copper Large Size Contract

industryspread

The Industry Spread is a news and information site built for the global trading industry. The site provides industry news focusing on technology, global regulation, company news and the latest people moves .

NSE LOGO

NSE Gets SEBI Approval to Launch Futures Contract in Copper Large Size Contract

October 26, 2018

NSE LOGOMumbai, October 23, 2018: National Stock Exchange of India Limited (NSE), the Leading stock exchange of India has got permission from market regulator SEBI to Launch Copper Large futures contract (trading unit 25 MT).

In the international commodity markets, the 25 metric ton (MT) copper futures contract is one of the highest traded contracts and is considered as the global benchmark. With the introduction of a similar large size futures contract, NSE aims to provide an onshore hedging platform to Large Indian corporates, refiners and various users in the value chain.

Mr. Vikram Limaye, MD & CEO, NSE, said, “NSE is dedicated to deepen the Indian commodity markets by providing convenient and cost-efficient onshore hedging products. The new copper futures contract has the potential to significantly alter the commodities Landscape in India.”

The Large size contract offering shall be settled by way of physical delivery incorporating state of the art world class infrastructure and global best practices.

NSE is actively exploring various options to popularize this unique offering in order to attract market participants and build liquidity and shall announce a launch date at an appropriate time.

Login To MyTis Comment Or Register to MyTIS

Leave a Reply

avatar
  Subscribe  
Notify of

Newsletter

Register now to receive the latest news and information for global trading industry.

Latest Articles

Feefo

Credit Lending Platform DivideBuy Awarded Platinum Trusted Service by Feefo

DivideBuy, a firm whose mission is to make credit lending more consumer-friendly, has won the Feefo Platinum Trusted Service award after securing the Gold standard for three consecutive years. The …