Universal Commodity Exchange

Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange. It went live in 2012 but was shut down by the regulator in 2014. 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.

Universal Commodity Exchange

Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange. It went live in 2012 but was shut down by the regulator in 2014. 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.