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Universal Commodity Exchange (UCX) was India’s sixth national level commodity exchange. It went live in 2012 but was shut down by the regulator in 2014.

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.

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.

References

1. "UCX". ucxindia.com. Retrieved 8 August 2014.
2. Sahgal, Ram (14 March 2012). "Nabard buys 16% in Universal Commodity Exchange for 16 crore". The Economic Times. Retrieved 1 June 2022.
3. "IDBI bank buys 10% in UCX for Rs 10 crore". The Economic Times. Retrieved 8 August 2014.
4. "Universal Commodity Exchange 6th in the country goes live". samachar.com. Retrieved 8 August 2014.
5. "Ketan Sheth's promoted UCX gets Consumers Affairs Ministry's approval". The Economic Times. Retrieved 8 August 2014.
6. "Indian Commodity Regulator Pulls the Plug on Universal Commodity Exchange". forex magnates. 19 July 2014.
7. "Universal Commodity Exchange goes live - Livemint". livemint.com. Retrieved 8 August 2014.
8. "Universal Commodity Exchange, 7th in the country, goes live | Business Line". thehindubusinessline.com. Retrieved 8 August 2014.
9. "Universal Commodity Exchange goes live". The Economic Times. Retrieved 8 August 2014.
10. "National Exchanges - Forward Markets Commission, Government Of India". fmc.gov.in. Retrieved 8 August 2014.

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