MUMBAI, April 23 -- 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).
"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.
Sriram Krishnan, chief business development officer of NSE, declined to comment spec...
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