Posts Tagged ‘ACE’

Ace Derivatives & Commodity Exchange

Ace Derivatives & Commodity Exchange with over five decades of impeccable experience in commodity trading, has recently transformed itself and established an online multi-commodity platform with a pan-India presence. Kotak Group is the anchor investor in ACE Commodity Exchange with a 51 per cent stake, while Haryana”s Hafed has a 15 per cent interest and banks like Bank of Baroda, Union Bank and
Corporation Bank have an over 14 per cent stake. The remaining equity is held by Ahmedabad Commodity Exchange members.

.

Products offered

.

Ace offers futures trading the following commodity groups:

.

Bullions: Gold, Silver

.

Energy: Crude oil, Natural Gas

.

Agri

.

•Castor Seed (Ex-Warehouse Ahmedabad)

.

•Mustard Seed (Ex-Warehouse Jaipur-inclusive of all taxes but exclusive of Sales tax/ VAT)

.

•Soybean Ex-Warehouse Indore -inclusive of all taxes but exclusive of Sales tax/VAT)

.

•Refined Soy Oil (Ex-Tank Indore-Inclusive of all Taxes and Levies)

.

•Pulses

.

•Chana

.

•Spices

.

•Turmeric

.

The Kotak-anchored exchange started futures trading in soybean, soyoil, rape/mustard seed, chana and castor seed. With the launch, the first set of contracts will be available for trade for delivery on November 20, December 20 and January 20.

.

The lot size of trading is fixed at 10 tonnes of each contract. According to the exchange data, the castor seed contract for December-expiry opened at `3,442 a quintal, chana at `2,440 a quintal, soyabean at `2,244 a quintal, mustard seed at `573 for every 20 kg and refined soy oil at`545.90 for every 10 kg.

.

Trade Timings:

.

Agri: 10:00 a.m. to 05:00 p.m. (Monday to Friday)

.

10:00 a.m. to 2:00 p.m. (Saturday)

.

Bullion/Metals: 10:00 a.m. to 11.30 p.m. (Monday to Friday)

.

10:00 a.m. to 2:00 p.m. (Saturday)

.

Risk Management

.

The Exchange assumes the counter party risk by guaranteeing trade settlement. The Risk Management framework of the Exchange ensures timely settlement.

.

More hands working on…..

.

Haryana State Cooperative Supply and Marketing Federation (Hafed) is planning to set up spot exchanges of the recently launched Ace Derivatives and Commodity Exchange (ACE) in mandis soon. The association of Hafed with the ACE will help it in playing the role of an aggregator and a risk manager on behalf of thousands of farmers, who will be motivated to become participants of the ACE in the coming decade.

.

In addition to its convenient trading platform, Ace provides a robust clearing & settlement infrastructure that supports the complete process of trade intermediation – including registration of trades, settlement of contracts and mitigation of counter party risk; giving traders the peace of mind in times of increased market volatility.

.

OUR Websites:  http://www.smcindiaonline.com,http://www.smccapitals.com,
http://www.smctradeonline.comhttp://www.smcwealth.com

.

Share/Bookmark