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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
Shares of Multi Commodity Exchange of India (MCX) rallied over 11% to hit an all-time high of Rs 2,179.45 on the NSE, remaining unbeaten for five consecutive sessions.
MCX said members can log in to the new front-end set-up, namely MCX Trade Station and Member Control Station from October 14
MCX, the country’s largest commodity exchange, will go live with the new Commodity Derivatives
The approval comes after the SEBI had on September 29 asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for the first week of October.