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UCX meaning in Messaging ?

Answer» What is Universal Commodity Exchange mean?

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 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.

reference
Full Form Category
Universal Communications X Business
UCX Cryptocurrency
Universal Commodity Exchange Messaging
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