Ace Derivatives and Commodity Exchange Ltd, a national multi-commodity exchange, is likely to launch a Delhi-based sugar derivatives contract in January, an official of the exchange said.
Ace has got approval from Forward Markets Commission to launch a Delhi-based sugar derivatives contract. The exchange is currently running Kolhapur-based contracts.
Ace had initially launched a north-based contract but had to change it to Kolhapur-based contract on the advice of the regulator. The National Commodity and Derivatives Exchange has been running a Kolhapur-based contract. Therefore Ace wanted to go in for a north-based contract in a bid to offer a different product from.