->Tharun S Yadla: Templates updated

2021-03-31T16:42:19Z

Templates updated

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{{Infobox exchange
|name = Universal Commodity Exchange
|logo =
|image =
|type = [[Commodities exchange]]
|city = [[Mumbai]]
|country = [[India]]
|coor =
|foundation = {{start date |2012}}
|owner = {{ubl |Commex Technology Ltd (40%)|[[National Bank for Agriculture and Rural Development]] (16%)|[[REC Limited|REC]] (16%)|[[IFFCO]] (15%)|[[IDBI Bank]] (10%)}}<ref>{{cite web |url=http://www.ucxindia.com/Key_Shareholders/176 |title=UCX |publisher=ucxindia.com |accessdate=2014-08-08}}</ref><ref>{{cite web|url=http://m.economictimes.com/markets/commodities/nabard-buys-16-in-universal-commodity-exchange-for-16-crore/articleshow/12255464.cms|title=Nabard buys 16% in Universal Commodity Exchange for 16 crore - The Economic Times on Mobile|publisher=m.economictimes.com|accessdate=2014-08-08}}</ref><ref>{{cite web|url=http://m.economictimes.com/markets/commodities/idbi-bank-buys-10-in-ucx-for-rs-10-crore/articleshow/9118524.cms|title=IDBI bank buys 10% in UCX for Rs 10 crore - The Economic Times on Mobile|publisher=m.economictimes.com|accessdate=2014-08-08}}</ref>
|key_people = Ketan Sheth
|currency = [[Indian rupee]] ({{INR}})
|listings =
|mcap =
|volume =
|indexes =
|homepage = {{URL|http://ucxindia.com/}}
|footnotes =
}}

'''Universal Commodity Exchange''' (UCX) was India’s sixth national level [[Commodity market|commodity exchange]]. <ref>{{cite web|url=http://www.samachar.com/Universal-Commodity-Exchange-6th-in-the-country-goes-live-netwMvfdhbe.html|title=Universal Commodity Exchange 6th in the country goes live|publisher=samachar.com|accessdate=2014-08-08}}</ref><ref>{{cite web|url=http://m.economictimes.com/markets/commodities/ketan-sheths-promoted-ucx-gets-consumers-affairs-ministrys-approval/articleshow/16070137.cms|title=Ketan Sheth's promoted UCX gets Consumers Affairs Ministry's approval - The Economic Times on Mobile|publisher=m.economictimes.com|accessdate=2014-08-08}}</ref> It went live in 2012 but was shut down by the regulator in 2014.<ref>{{cite web|url=http://forexmagnates.com/indian-commodity-regulator-pulls-the-plug-on-universal-commodity-exchange/ |title=Indian Commodity Regulator Pulls the Plug on Universal Commodity Exchange |date=July 19, 2014 |publisher=forex magnates}}</ref>

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.<ref>{{cite web|url=http://www.livemint.com/Money/XysSAuuMifHL2lYPRidR3L/Universal-Commodity-Exchange-goes-live.html|title=Universal Commodity Exchange goes live - Livemint|publisher=livemint.com|accessdate=2014-08-08}}</ref><ref>{{cite web|url=http://www.thehindubusinessline.com/markets/commodities/universal-commodity-exchange-6th-in-the-country-goes-live/article4634120.ece|title=Universal Commodity Exchange, 7th in the country, goes live | Business Line|publisher=thehindubusinessline.com|accessdate=2014-08-08}}</ref><ref>{{cite web |url=http://m.economictimes.com/markets/commodities/universal-commodity-exchange-goes-live/articleshow/19638592.cms |title=Universal Commodity Exchange goes live - The Economic Times on Mobile|publisher=m.economictimes.com |accessdate=2014-08-08}}</ref>

It received Ministry approval and Government certification on August 30, 2012. UCX started its operations on April 19, 2013 with 11 contracts in 9 commodities under the leadership of Praveen Pillai as UCX Managing director and CEO.<ref>{{cite web|url=http://fmc.gov.in/index3.aspx?sslid=50&subsublinkid=65&langid=2|title=National Exchanges - Forward Markets Commission, Government Of India|publisher=fmc.gov.in|accessdate=2014-08-08}}</ref>

== References ==
{{reflist}}

{{Financial services in India}}
{{Commodity Exchanges in India}}

[[Category:2012 establishments in Maharashtra]]
[[Category:Commodity exchanges in India]]
[[Category:Mumbai]]
[[Category:Indian companies established in 2012]]
{{stockexchange-stub}}

Universal Commodity Exchange - Revision history

->Tharun S Yadla: Templates updated