Type | Commodities exchange |
---|---|
Location | Mumbai, India |
Founded | 2012 |
Owner |
|
Key people | Ketan Sheth |
Currency | Indian rupee (₹) |
Website |
ucxindia |
Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange. [4] [5] It went live in 2012 but was shut down by the regulator in 2014. [6]
It was promoted by IT Professional Ketan Sheth from Commex technology Ltd (40%) and institutions such as IDBI Bank (10%), IFFCO (15%), National Bank for Agriculture and Rural Development (16%), Rural Electrification Corporation (16%) are shareholders in the bourse. [7] [8] [9]
It received Ministry approval and Government certification on 30 August 2012. UCX started its operations on 19 April 2013 with 11 contracts in 9 commodities under the leadership of Praveen Pillai as UCX Managing director and CEO. [10]
Type | Commodities exchange |
---|---|
Location | Mumbai, India |
Founded | 2012 |
Owner |
|
Key people | Ketan Sheth |
Currency | Indian rupee (₹) |
Website |
ucxindia |
Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange. [4] [5] It went live in 2012 but was shut down by the regulator in 2014. [6]
It was promoted by IT Professional Ketan Sheth from Commex technology Ltd (40%) and institutions such as IDBI Bank (10%), IFFCO (15%), National Bank for Agriculture and Rural Development (16%), Rural Electrification Corporation (16%) are shareholders in the bourse. [7] [8] [9]
It received Ministry approval and Government certification on 30 August 2012. UCX started its operations on 19 April 2013 with 11 contracts in 9 commodities under the leadership of Praveen Pillai as UCX Managing director and CEO. [10]