NSE eyes MCX turf with strong push for Brent futures

National Stock Exchange (NSE) plans to roll out a market-making scheme for its recently launched Brent crude futures, as it seeks to build liquidity in a segment dominated by Multi Commodity Exchange of India Ltd (MCX).

- Ram Sahgal

“There is a plan to offer a liquidity enhancement scheme (LeS) for Dated Brent Crude Oil Platts) futures in the next two-three weeks,” said a person aware of the development. "The exchange is in talks to appoint select broking firms for the LeS.” The move reflects NSE’s broader strategy in commodity derivatives segment: introduce differentiated products and use market-making incentives to build volumes from scratch.