Nov. 7, 2012
-- Ace Commodity Exchange launches Futures Trading in RBD Palmolein
Mumbai, November 2, 2012:
Ace Derivatives and Commodity Exchange Limited (“Ace”), a Kotak Mahindra Group anchored commodity exchange in India, today announced that it will commence futures trading in RBD Palmolein from November 5, 2012.
Ace is currently launching 3 contracts- expiring in the months of November 2012, December 2012 and January 2013. The price quotation is in Rs. per 10 kg and the trading unit for the contract is 10 MT. The tick size is 5 Paisa. It is an intention matching contract, and the contract basis centre is Ex-Tank Kandla.
Mr. Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange Limited said “It has been our constant endeavor to launch contracts that are relevant to the market participants and meets their hedging requirements. The RBD Palmolein contract has been designed to provide an effective risk management and price discovery platform for all the stakeholders-
importers, traders, processors as well as retail participants.”
Ace had recently launched trading in Cotton (bales) contract, and with the addition of RBD Pamolein now offers trading in 9 agri commodities. For Further Information