Ace Commodity Exchange launches Futures Trading in RBD Palmolein

2 November 2012
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.
 
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
 

Ananya Shukla Akhila Natarajan

Ace Derivatives and Commodity Exchange Ltd Hanmer MSL

+91 9833635477 +91 9821689525

ananya.shukla@aceindia.com akhila.natarajan@hanmermsl.com