leading exchange, the National Stock Exchange of India Limited (NSE) on
Thursday notified that it will launch its crude oil futures contract effective
from today, the first March 2019. The
Exchange has inked an accord with ICIS, a leading global market information contributor
for the energy and petro-chemical markets, to license its BFOE (Brent Forties Oseberg
Ekofisk) market data.
the NSE will commence two cash settled futures product viz, 100-barrel Brent
Crude Oil Futures and 10-barrels Brent Crude Oil Mini Futures. The initial
margin on the contract would be minimum 4percent.
trading period for the100-bl Brent and 10-bl Crude futures will be between
Monday to Friday. The trading session would be 9.00AM to 11.30 PM, the exchange