Ace Announces Final Settlement Price of July Contracts

by NR INDRAN

Mumbai : Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India has announced the Final Settlement Price of the below mentioned 5 Future Commodity Contracts which expired on 20^th July 2011.

The Castor Seed futures contract expired on 13^th July, and its Final Settlement Price was fixed at Rs. 4524/ Quintal.

The highest open interest recorded for Mustard Seed was38910 MT, Refined Soy Oil was 27370 MT, Soybean was24080 MT, Chana was 12630 MT, Castor was 1860 MT and Sugar was 860 MT.

Ace Derivatives and Commodity Exchange Limited (www.aceindia.com ) 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 Ahemdabad 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.

You can contact the Author at  nr_indran@rediffmail.com