Ace Derivatives & Commodity Exchange was established in 1952. It has its registered office in Ahmedabad and the exchange is recognized under Forward Contracts Act, 1952 for futures trading since 1952, regulated by Forward Market Commission.

The exchange has the reputation of being first in the country to have the highest volume in Castorseed trading. Previously, cottonseed and groundnut oil were traded. Trading was carried on an outcry system in the trade ring.

The exchanges is now anchored by the Kotak Group and is now known as Ace Derivatives & Commodity Exchange and is the country's fifth pan-India commodity exchange. Other key shareholders in the exchange include Haryana State Cooperative Supply & Marketing Federation Ltd (HAFED), Bank of Baroda, Corporation Bank and Union Bank.

Ace is now screen-based online derivatives exchange for commodities in India. The exchange currently trades with six agri commodities viz. castor, chana, mustardseed, soybean, refined soyoil and sugar. Ace commenced operations as a national level commodity bourse in October 2010.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook