31.05.2010 - ACE all set to become national exchange
From Indianexpress.com: The state will soon house one more national commodity exchange (NCE) as the Ahmedabad Commodity Exchange (ACE) is all set to get converted from regional to a national exchange. The Forward Market Commission (FMC) has given the ACE three months for conversion. For this, the ACE will have to adopt new technology in place of the existing “Open Out Cry” system in trading ring, de-mutualisation of the exchange, and to create capital of Rs 100 crore...........................................Full Article: Source
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