| Type | Commodities exchange |
|---|---|
| Location | Mumbai,India |
| Founded | 2012 (2012) |
| Owner |
|
| Key people | Ketan Sheth |
| Currency | Indian rupee (₹) |
| Website | ucxindia |
Universal Commodity Exchange (UCX) was India’s sixth national levelcommodity 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 asIDBI 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]
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