IDBI Bank promoted - Universal Commodity Exchange (UCX), has traded 115 kgs of gold valued at over Rs 30.62 crore on its first delivery (May 2013) since launch. The exchange which facilitated physical delivery of 115 kilograms of gold has commenced its operations in April.
UCX has also witnessed active participation in agri and energy segments and achieved a steady growth in trading volumes. The exchange presently offers futures contracts in nine commodities spread across bullion, agri and energy segments.
UCX limited is a joint initiative by IDBI Bank, IFFCO, NABARD, REC and COMMEX Technology.
