Ace Commodity Exchange Launches Futures Trading in Guar Seed and Guar Gum
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 July 6. 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.