Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange has announced the Final Settlement Price of the below mentioned 4 Future Commodity Contracts which expired on 18th February 2011
Online PR News – 21-February-2011 – – Mumbai, February 21, 2011: Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange has announced the Final Settlement Price of the below mentioned 4 Future Commodity Contracts which expired on 18th February 2011.
Commodity Price Unit Final Settlement Price (Rs.)
Sugar M Rs/ Quintal 2943.00
Chana Rs/ Quintal 2593.00
Refined Soy Oil Rs/10 Kgs 631.20
Soy Bean Rs/Qntl 2409.00
The Castor Seed futures contract expired on 15th February, and its Final Settlement Price was fixed at Rs. 4695/ Quintal.
Commenting on the settlement, Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange said “The exchange saw widespread participation across all categories of market participants and managed to generate an increase in open interest across commodities. The exchange platform is being used for effective price discovery and risk management by market participants”.
Ace Derivatives and Commodity Exchange Limited is a screen based online derivatives exchange for commodities anchored by the Kotak Group as a majority stake holder. 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.
Kotak group-the anchor investor in the Exchange has pioneered many business practices existing in the financial services industry over the last 25 years. With Ace, they bring to the market a new, state-of-the-art trading platform which combines the operational efficiency of global exchanges with deep domain expertise in each commodity vertical, be it Agriculture, Bullion, Base Metals or Energy.