Universal Commodity Exchange (UCX) – India’s 6th Commodity Exchange goes live

Universal Commodity Exchange (UCX) – India’s 6th Commodity Exchange goes live

April 24th, 2013

India’s 6th countrywide commodity futures trading platform — Universal Commodity Exchange (UCX) went live. The exchange has enrolled over 200 members for trading on its platform which it expects issuance of unparalleled trading code by the markets regulator the Forward Markets Commission (FMC).

• UCX is based in Mumbai
• Founder of UCX: Ketan Sheth

The launch of a new exchange UCX, nevertheless, is set to escalate competition among the commodity trading platforms. Interestingly, traders would gain from inter-exchange and inter-contract arbitrage chances.
The commodity futures platforms in India:

Exchange		Product Types
Indian Commodity Exchange Limited (ICEX)		Energy, Precious Metals, Base Metals, Agricultural, Fibers, Oils & Oilseed Complex, Minerals, Other Agro Products
Multi Commodity Exchange (MCX)		Bullions, Metals, Energy, Oil & Oil Seeds, Spices, Pulses, Fiber, Weather, Plantations, Other
National Commodity and Derivatives Exchange (NCDEX)		Plantation Products, Cereals and Pulses, Oil and Oil seeds, Fibres, Guar Complex, Spices, Soft, Metals, Precious Metals, Energy, Others
National Multi-Commodity Exchange of India Ltd (NMCE)		Oils and Seeds, Spices, Pulses, Precious Metals, Base Metals, Others
Ace Derivatives & Commodity Exchange Ltd. (ACE)		Oil and Seeds, Pulses, Fiber, Others
Universal Commodity Exchange (UCX)		Bullion and Metals, Energy, Agricultural