Ace Commodity Exchange announces the new season contracts expiring in October 2013 and thereafter

21 June 2013


 

Mumbai, June 21, 2013: Ace Derivatives and Commodity Exchange a Kotak Anchored Enterprise, announced the changes in the contract specification of its Cotton 118 contract for new season contracts expiring in October 2013 and thereafter. The exchange has made some important changes to the contract specification thereby making the cotton contract more user friendly for the value chain and to improve the operational efficiency of the contract.
 
Apart from the changes in the contract specification and trading parameters, the exchange with a view to improve the participation of physical players has for the first time introduced a novel, Direct Delivery Model under which the seller would be able to deliver the cotton from his own location. The facility will be available to the approved sellers for delivery centers located in Gujarat.
 
The Exchange has also introduced additional delivery centers in other states with deliveries, based on matching of request by both sellers and buyers.
 
About Ace
Ace Derivatives and Commodity Exchange Limited is a screen based online derivatives exchange for commodities anchored by the Kotak Mahindra Group. Ace Commodity Exchange, earlier known as Ahmedabad Commodity Exchange Limited, has been in existence for more than 5 decades in Commodity Derivatives Business, bringing in the best and transparent Business Practices in the commodity space.
 
For Further Information
 

corpcomm@aceindia.com