The National Stock Exchange of India (NSE) has announced a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on Platts physical spot market benchmarks.
As part of the initiative, NSE plans to initially launch futures contracts linked to the Platts Dated Brent benchmark, a globally recognised pricing standard for crude oil. S&P Global Energy will serve as the provider of benchmark data and pricing for these contracts.
The exchange has received regulatory approval to proceed with the Dated Brent Crude Oil (Platts) Futures, with the official launch scheduled for April 13, 2026.
The integration of Platts benchmarks is expected to enable domestic market participants to access international reference prices through a regulated platform.
The proposed contracts are aimed at a wide range of participants, including refiners, importers, traders, financial institutions, and investors seeking exposure to global crude oil markets.
Sriram Krishnan, Chief Business Development Officer at NSE, said the collaboration marks a key step in strengthening India’s commodity derivatives ecosystem. He noted that the introduction of derivatives based on globally accepted benchmarks would support efficient price discovery and risk management, while also connecting domestic markets with international trading systems.
Platts benchmarks are widely used across global commodity markets, and their inclusion in NSE’s derivatives segment is expected to improve transparency and align domestic pricing mechanisms with global standards.
Matthew Eversman, Director of Global Licensing and Exchange Relationships, said the partnership reflects Platts’ continued commitment to the Indian market and expressed confidence in expanding collaboration with NSE going forward.
-ANI
