Ace Announces Final Settlement Price of August Contracts
Ace Derivatives and Commodity Exchange Limited has announced the Final Settlement Price of 5 Future Commodity Contracts which expired on 19th August 2011.
- (1888PressRelease) August 27, 2011 - 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 19th August 2011.
Commodity - Price Unit - Final Settlement Price (Rs.)
Chana - Rs/ Quintal - 2972.50
Mustard Seed - Rs/ Quintal - 3000.25
Refined Soy Oil - Rs/10 Kgs - 665.80
Soy Bean - Rs/Qntl - 2401.50
Sugar M - Rs/ Quintal - 2714.00
The Castor Seed futures contract expired on 12th August, and its Final Settlement Price was fixed at Rs. 4918/ Quintal.
The highest open interest recorded for Refined Soy Oil was 36920 MT, Mustard Seed was 36410 MT, Soybean was 26080 MT, Chana was 14410 MT, Castor was 5900 MT and Sugar was 740 MT.
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 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.
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