NSE to Launch Dated Brent Crude Oil Futures from April 13
New Contract to Track Global Oil Benchmark
New Delhi, March 29The National Stock Exchange (NSE) is set to introduce Dated Brent Crude Oil (Platts) futures from April 13, further strengthening its commodity derivatives segment with products linked to global oil benchmarks.
The contract will be based on the S&P Global Energy (Platts) Dated Brent assessment and will trade under the symbol BRCRUDEOIL.
Sebi Approval Secured for Launch
In a circular, the exchange confirmed that it has received approval from the Securities and Exchange Board of India (Sebi) to roll out the new futures contract.“The exchange is pleased to inform its members that, having received approval from Sebi, Dated Brent Crude Oil (Platts) Futures contracts would be available for trading in the NSE commodity derivatives segment with effect from April 13, 2026,” NSE said.
Focus on Hedging Against Global Price Movements
The introduction of the Dated Brent futures contract is aimed at offering market participants an effective hedging instrument that aligns closely with international crude oil price benchmarks.This move is expected to benefit traders and entities exposed to global crude price fluctuations by providing a more relevant risk management tool.
Trading Timings and Contract Structure
The futures contracts will be listed on a monthly basis. Trading will take place from Monday to Friday between 9:00 am and 11:30 pm or 11:55 pm, depending on US daylight saving time adjustments.Cash Settlement and Pricing Mechanism
The contracts will be cash-settled. The final settlement price will be calculated using the monthly simple average of Platts Dated Brent assessments.This value will then be converted into Indian rupees using the Reserve Bank of India’s USD-INR reference rate.
Standardised Quality Specifications
According to the exchange, the contracts will adhere to quality specifications defined by S&P Global Energy (Platts), ensuring consistency with internationally accepted crude oil standards.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
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