MCX to implement new commodity platform on October 3. Mock session scheduled on this date

livemint.com:

commodity exchange of India established in 2003 has made an official announcement in this regard and said that mock session ahead of the commodity derivative platform launch has been fixed on 2md October 2023. MCX made an announcement in regard to new commodity derivative platform launch citing, “In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange and in continuation of earlier circular no.

MCX/TECH/624/2023, dated September 18, 2023, members of the Exchange are notified as under: Exchange will go live with new Commodity Derivatives Platform with effect from Tuesday October 03, 2023." "Further, In this regards the Exchange has also planned to conduct mock trading on October 2, 2023, in order to allow members to participate, validate setup and connection during the mock trading session for which separate circular would be issued. To facilitate early login and verification on October 03, 2023, Exchange system would be available for login from 6:00 am onwards," MCX added.

‘China Evergrande shares suspended, China may have learnings from US, India’ MCX has declared to launch its new commodity derivative platform, which is serviced by Tata Consultancy Services (TCS). the mock session is expected to remain smooth.

On how this move will impact MCX and Indian commodity market, Anuj Gupta, Head — commodity & Currency at HDFC Securities said, "The step is a welcome step as new technology will smoothen trading experience of the members. It is expected to benefit MCX also via rise in trade volume." Stocks to Watch: Cipla, Dixon Tech, Oberoi Realty, Tata Power, Barbeque Nation This is not the first time when MCX is going to adopt a new technology platform.