IGX introduces new features to enhance ease of trade

NEW DELHI: The Indian Gas Exchange (IGX) on Friday said it has introduced market-friendly features including improved auction methodology aimed at enhancing the ease of trade for market participants.

“The (IGX), India’s first authorised Gas Exchange, is pleased to introduce open auction trading, on its platform,” an IGX statement said adding that the trading through new formats has commenced with effect from March 25, 2021.

The proposal for change was made to the Petroleum and Natural Gas Regulatory Board (PNGRB) and the same was approved by PNGRB last week, it said.

The move is aimed at enhancing ease of trade for market participants and allowing them the price and volume visibility across hubs.