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Ace Commodity Exchange defers launch of commodity contracts

02 Feb 2015 Evaluate

Kotak Group-owned, Ace Derivatives and Commodity Exchange (Ace Commodity Exchange) has deferred the launch of 8 contracts which were scheduled to be launched in the month of February 2015.

The commodity exchange had earlier scheduled launch of Crude Oil, Cotton, Chana, Castor Seed, Crude Palm Oil, RBD Palmolien, Refined Soy Oil and Soybean Meal (Domestic) contracts.

The turnover on ACE Derivatives and Commodities Exchange has been falling steadily in the last few days. The exchange’s turnover has fallen drastically from the average daily turnover of Rs 44 crore in December.