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May 6, 2024
Padala Subbi Reddy, the outgoing chief executive of Indias largest commodities derivatives exchange, recalls a rather turbulent phase for the bourse as it scrambled to transition its technology vendor amid the pandemic lockdowns
February 13, 2024
The recent glitch is the first incidence of a major technical issue after MCX finally migrated to TCS platform in December. With trading stopped for over four hours now, the exchange could be liable to pay a hefty fee as mandated by market regulator SEBI
September 13, 2023
Recently, the company informed that it has resolved trading procedure issues, completed the final code freeze, and resumed daily mock trading on the new platform starting from September 1.
June 30, 2023
MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022.
June 30, 2023
Between October 2022 and June 2023, MCX paid Rs 242 crore to 63 Moons for the extension of the contract. It was extended till December 2023 for a charge of Rs 125 crore per quarter. All together, MCX will fork out Rs 470 crore as additional expenses
June 30, 2023
Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.
June 30, 2023
Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee.
June 29, 2023
The overall consideration for the same is Rs 125 crore per quarter. This amount is higher than the Rs 87 crore it paid during the last quarter.
June 23, 2023
Shares of 63 Moons Technologies, the software services provider to MCX, jumped nearly 5% as of 11.22 am.
February 22, 2021
63 Moons says SAT reserves judgement on its challenge to Sebi order 63 Moons was earlier known as Financial Technologies (India) Ltd (FTIL) (Mint) Share Via Read Full Story 63 Moons Technologies on Monday said Securities Appellate Tribunal (SAT) has reserved the judgement on the firms challenge to Sebis order which disallowed it from providing Straight Through Processing gate services. The Securities Appellate Tribunal(SAT) on Monday heard the 63 moons technologies limited challenge to Securit...