Ace Derivatives and Commodity Exchange (Ace Commodity Exchange) has decided not to launch any fresh contracts which were scheduled for launch as per the launch calendar approved by Forward Markets Commission (FMC). This step has been taken for time being due to prevailing market conditions.
The exchange has also decided to expire all the contracts currently running on the exchange platform by the close of trading hours on May 29, 2015 or till such time the Open Interest in them become Zero whichever is later.
The members having stocks in any of the exchange accredited warehouses are requested to lift the goods by their respective Final Validity dates unless they wish to deliver the same against their existing open positions. The exchange is working on drawing up a renewed business plan.