India, Jan. 8 -- National Stock Exchange of India (NSE) on Thursday said it is in discussions with the Indian Gas Exchange (IGX) to jointly develop and launch an Indian Natural Gas Futures contract, aimed at strengthening the country's natural gas market ecosystem.
According to NSE, the proposed futures contract is intended to offer market participants a transparent, efficient, and robust risk management tool, aligned with India's evolving natural gas pricing framework.
The collaboration is expected to leverage NSE's expertise in the derivatives market along with IGX's leadership in spot natural gas trading, price discovery, and physical market development, thereby supporting deeper market participation and improved price signals in India...