MCX to launch new trading software from July 27

Joseph B. Hash

A day following suspending it indefinitely, the Multi Commodity Exchange (MCX) has introduced that the new buying and selling computer software will go live on July 27.

The upgraded computer software arrives with the element to take damaging bids. In purchase to familiarise traders and customers with the the new computer software, MCX experienced performed mock buying and selling from July eleven-18. Centered on the request from customers yet another mock buying and selling session will be performed on July 25 ahead of likely live with the new computer software, explained the exchange in a assertion.

On Friday, the exchange experienced resolved not to go live with its new computer software from July 20 and explained it will connect the new date by a independent round. The exchange not long ago captivated investors’ wrath for settling its April crude agreement at damaging ₹2,884 a barrel, major to a reduction of ₹435 crore.

It advised all customers to actively participate in the mock buying and selling to avoid any difficulties when the new buying and selling computer software goes live.

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