Ahmedabad where Exchange is situated

Revives memories of Mahatma Gandhi. On his return from South Africa to India, Gandhiji plunged himself into the freedom struggle setting up a Satyagraha Ashram in Kocharab suburb of Ahmedabad. He later shiffted his Ashram to a site on the banks of river Sabarmati. This was Satyagraha Ashram and for many years it was the nerve center of India's freedom movement. Gandhiji began his famous "Dandi March" in 1930 to the sea to protest against the Salt tax imposed by the Britishers.

Ahmedabad Commodity Exchange is a company incorporated on 31^st March 1952 having its registered office at Ahmedabad and recognized  under Forward Contracts Act, 1952 for futures trading since 1952, regulated by Forward Market Commission, Government of India. The exchange has reputation of being first in the country to have highest volume in castorseed trading. Previously, cottonseed and groundnut oil were traded. At present the Exchange is recognized for trading castorseed, cottonseed, cottonseed oil & oilcake and have applied for re-recognition of Groundnut oil., and application for recognition of kapas and mustard/raida have been submitted to Government. 

Trading is done on outcry system in the trade ring. The exchange has  agreed for tie up with Ahmedabad Stock Exchange for on-line trading which is likely to be implemented  shortly.

Control & Regulation :

    The exchange is functioning under the observation of the Forward Market Commission. The Forward Contract Regulation Act is applicable to the exchange. Presently the exchange is governed under the provisions of the :

Next