Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange.
[6] 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.
[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.
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