India’s latest commodity exchange won’t compete, say experts

India CDM - picking and choosing

The launch of a fifth Indian national commodities exchange – ACE Derivatives and Commodity Exchange – is unlikely to break the stronghold of the other national platforms, say experts.

Major Indian banking corporation Kotak Mahindra Bank is behind the launch of the exchange, bringing India's total number of commodity exchanges to 21. ACE Derivatives and Commodity Exchange is the fifth national platform, after National Commodity and Derivatives Exchange (NCDEX), Multi-Commodity Exchange (MCX), Na