Ace successfully completes delivery of February contracts

Posted By: Pti
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Mumbai, Feb 22 (PTI) Ace Derivatives and CommodityExchange Limited (ACE), a Kotak Group anchored commodityexchange has successfully handled a total delivery of 4420 MTfor Chana February contracts, valued at Rs. 11.46 crore.

The Exchange has also witnessed a steady increase in boththe daily traded volumes as well as open interest across allcommodities. The exchange recorded the highest daily tradedvalue of Rs 465 crore and the highest open interest of 52,570MT, ACE said in a statement here.

The highest open interest recorded for Chana was 19,030MT, for soybean 18870 MT, for refined soybean oil 10480 MT,for mustard 7380 MT, for castor 1110 MT and for sugar it was590 MT.

Commenting on the settlement, Dilip Bhatia, CEO, Ace said"We are encouraged by the delivery volumes being handled bythe exchange. This is a clear testimony of the confidenceshown by the market participants on the robust deliveryprocess followed by the Exchange." PTI AP VKV

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