MCX share price: MCX has regularly failed to meet deadlines for switching to a new trading platform. The stock fell 12.48 percent today to a day low of Rs 1,437 from its previous close of Rs 1,641.85.
“We recognise the importance of providing our users with a dependable and robust platform, and we are committed to continuously improving our services.” “We will inform all of our stakeholders about the migration plan to the new Commodity Derivatives platform,” MCX added.
63 Moons, formerly known as Financial Technologies India Ltd, on the other side, stated that it has “once again agreed to the eleventh-hour request by MCX, which according to MCX is for the ‘last time’ for one more time.”
“We sincerely hope that this ‘last time’ happens someday, so that we can deploy our excellent team of exchange technology engineering group in a mega promising opportunity in the new digital world,” the company noted.
After the long-term agreement with MCX expired on September 30, 2022, and MCX selected a new technology service provider in February 2021, MCX approached 63 Moons for the third time to prolong the software support service arrangement.
Meanwhile, Indian market indexes rose in early trade on Friday to reach all-time highs, thanks to better sentiment following strong economic statistics from the United States, which alleviated concerns of a downturn.
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