Ace Commodity Exchange Launches Futures Trading in Guar Seed and Guar Gum

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 6, 2011 -- Ace Commodity Exchange Launches Futures Trading in Guar Seed and Guar Gum

Mumbai, 6 July 2011: Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India will start trading in Guar Seed and Guar Gum futures from today. With the launch of these 2 contracts, Ace Commodity Exchange will now offer trading in 8 different commodities.

Mr. Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange commented “The Guar contacts are the latest addition to our existing basket of commodities being traded on Exchange Platform. These contracts have been designed after extensive research and will be beneficial to various market participants.”
September, October and November 2011 contracts will be available for trading. Both the Guar Seed and Guar Gum contracts are Compulsory delivery contracts with the trading and delivery unit as 10 MT for Guar Seed and 5 Mt for Guar Gum. The tick size for both the contracts is Re.1.

Guar Seed is launched with basis centre as Jodhpur (inclusive of all taxes & levies) with the additional delivery centers at Bikaner, Nokha, Deesa, Hissar and Adampur. Guar Gum Contract is launched with basis centre as Jodhpur (inclusive of all taxes & levies) with the additional delivery centers at Bikaner, Nokha, and Deesa.
About Ace
Ace Derivatives and Commodity Exchange Limited 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 Ahmedabad 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.

For any further queries, please contact:
Akhila Natarajan | Simran Gulati
Hanmer MSL
(E): akhilanatarajan@hanmermsl.com | simran.gulati@hanmermsl.com
(M): 98216 89525| 9819065809

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