NSE Set to Introduce Platts-Linked Dated Brent Crude Futures on April 13
Synopsis
The NSE is gearing up to launch a new futures contract for Dated Brent Crude Oil, set to commence on April 13. This initiative seeks to enhance India's commodity derivatives market and provide local traders with greater access to global oil pricing.
Key Takeaways
NSE is launching Dated Brent Crude Oil futures on April 13.
Contracts will be cash-settled , eliminating physical delivery.
Trading will occur Monday to Friday, with specific hours based on US daylight saving time.
Final settlement prices will be based on Platts Dated Brent averages.
This initiative aims to enhance India's exposure to global oil pricing.
Mumbai, March 29 (NationPress) The National Stock Exchange (NSE) is preparing to unveil a new crude oil futures contract tied to global benchmark prices starting April 13, a strategic move designed to enhance the commodity derivatives market in India.
The exchange has announced the launch of Dated Brent Crude Oil (Platts) futures in its commodity derivatives segment, following authorization from the Securities and Exchange Board of India (SEBI).
This innovative contract will utilize the S&P Global Energy (Platts) Dated Brent assessment, recognized globally as a standard for tracking physical crude oil prices.
Traders will engage with the new contract under the symbol BRCRUDEOIL, with options available on a monthly basis.
Trading sessions for these futures will run from Monday to Friday, between 9:00 am and 11:30 pm or 11:55 pm, contingent on US daylight saving time.
These contracts will be cash-settled, alleviating the need for physical delivery of crude oil.
The final settlement price will be derived from the monthly average of Platts Dated Brent prices.
This figure will then be converted into Indian rupees based on the reference exchange rate released by the Reserve Bank of India (RBI).
The NSE has stated that the contract will adhere to quality standards established by S&P Global Energy (Platts), ensuring consistency with global market practices.
With this initiative, the exchange aims to address a long-standing need for Indian traders and companies seeking exposure to international crude oil prices.
Previously, many domestic participants have had to rely on alternative benchmarks or foreign exchanges to hedge against risks associated with global oil price fluctuations.
By launching a Platts-based Dated Brent contract, the NSE is providing a product that accurately reflects the actual oil pricing used in global trade, serving as a valuable instrument for hedging and price discovery.
Point of View
The introduction of Platts-linked Dated Brent Crude futures by the NSE represents a significant advancement in India's financial markets. This move not only enhances local traders' access to global oil pricing but also aligns India more closely with international commodity trading practices, fostering greater market efficiency.
NationPress
5 Jul 2026
Frequently Asked Questions
What is the new futures contract launched by NSE?
The NSE is launching Dated Brent Crude Oil (Platts) futures, which will be linked to global benchmark prices and available starting April 13.
How will these contracts be settled?
The contracts will be cash-settled, meaning traders will not need to handle the physical delivery of crude oil.
What is the trading schedule for these futures?
Trading will occur from Monday to Friday, between 9:00 am and 11:30 pm or 11:55 pm, depending on US daylight saving time.
What are the benefits of this new contract for Indian traders?
This contract provides Indian traders with better exposure to global crude oil prices, aligning them more closely with international market standards.
How is the final settlement price determined?
The final settlement price is calculated using the monthly average of Platts Dated Brent prices, converted into Indian rupees based on the RBI's reference exchange rate.
