Ace Successfully Completes Delivery of September Contracts

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 23, 2011 -- Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India has successfully handled a total delivery of 13435 MT for September contracts, valued at Rs. 53.11 Crores.

COMMODITY TOTAL DELIVERY (MT) DELIVERY VALUE
(In Crores)
CASTORP 2520 12.07
CHANA 3520 12.79
GUAR 250 1.11
GUARGUM 505 7.14
MUSTARD 6570 19.84
SOYBEAN 70 0.16

The Chana, Mustard, Soybean, Guar and Guar Gum Contracts had expired on 20th September while Castor contract had expired on 15th September.

About Ace

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 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.