Ace Derivatives and Commodity Exchange, promoted by the Kotak Mahindra Group, will launch futures trading in RBD Palmolein on Monday.
There will be three intention matching contracts expiring in November, December and January. The price quotation is in Rs for 10 kg and the trading unit for the contract is 10 tonnes. The tick size will be five paise. The basis centre is ex-Tank Kandla. Dilip Bhatia, CEO, Ace Commodity Exchange, said the RBD palmolein contract has been designed to provide an effective risk management and price discovery platform for all the stakeholders-importers, traders, processors and retail participants.