Universal Commodity Exchange (UCX) – India’s 6th Commodity Exchange goes live

India’s 6th countrywide commodity futures trading platform — Universal Commodity Exchange (UCX) went live. The exchange has enrolled over 200 members for trading on its platform which it expects issuance of unparalleled trading code by the markets regulator the Forward Markets Commission (FMC).

  • UCX is based in Mumbai
  • Founder of UCX: Ketan Sheth

The launch of a new exchange UCX, nevertheless, is set to escalate competition among the commodity trading platforms. Interestingly, traders would gain from inter-exchange and inter-contract arbitrage chances.

The commodity futures platforms in India:

Exchange

Product Types

Indian Commodity Exchange Limited (ICEX)clip_image002   Energy, Precious Metals, Base Metals, Agricultural, Fibers, Oils & Oilseed Complex, Minerals, Other Agro Products
Multi Commodity Exchange (MCX)clip_image004   Bullions, Metals, Energy, Oil & Oil Seeds, Spices, Pulses, Fiber, Weather, Plantations, Other
National Commodity and Derivatives Exchange (NCDEX)clip_image006   Plantation Products, Cereals and Pulses, Oil and Oil seeds, Fibres, Guar Complex, Spices, Soft, Metals, Precious Metals, Energy, Others
National Multi-Commodity Exchange of India Ltd (NMCE)clip_image008   Oils and Seeds, Spices, Pulses, Precious Metals, Base Metals, Others
Ace Derivatives & Commodity Exchange Ltd. (ACE)clip_image010   Oil and Seeds, Pulses, Fiber, Others
Universal Commodity Exchange (UCX)clip_image012   Bullion and Metals, Energy, Agricultural

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Categories: Business & Economy Current Affairs 2017Current Affairs 2013

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