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Business News/ Markets / Stock Markets/  MCX to go live on new commodity derivates platform on October 16; mock session on October 15
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MCX to go live on new commodity derivates platform on October 16; mock session on October 15

The leading commodity exchange has also planned to conduct mock trading on October 15 to allow members to participate, validate setup and connection during the session

MCX to go live on new commodity derivates platform on October 16Premium
MCX to go live on new commodity derivates platform on October 16

Multi Commodity Exchange of India (MCX) is all set to go live with its new commodity derivates platform (CDP) on October 16, 2023. The announcement came two days after MCX received approved from capital markets regulator Securities and Exchange Board of India (SEBI) to launch its CDP.

The leading commodity exchange has also planned to conduct mock trading on October 15, 2023, in order to allow members to participate, validate setup and connection during the mock trading session for which separate circular would be issued, said MCX in a statement on Tuesday, October 10.

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During the mock trading session which is scheduled on October 15, members are requested to login with their User IDs available in the mock environment to access the trading system, said MCX in its statement. 

‘’Further, user IDs password set during these mock trading sessions will be carried in the new system once the system goes live,'' said MCX. 

Regarding the new trading interfaces, CTCL software developed using new trading interface — MCX Enhanced Trading Interface (ETI) API version 1.3 dated April 25, 2023, and FIX API version 1.2 dated June 21, 2022 — will be effective from October 16. 

Also Read: MCX receives SEBI approval to launch new Commodity Derivatives Platform

MCX highlighted that the pending option devolvement intimations for ‘CRUDEOIL OPTION 17OCT2023’ contract will not be carried forward to the new trading platform and members may enter the intimation afresh in the new platform. ‘’Members may please note that Option Devolvement Intimation can be provided on the expiry date of the Options contract effective from October 16,'' said MCX.

Further, the new Trading Market Data Interfaces (APIs) — MCX Market Data Interface (MDI) and MCX Enhanced Market Data Interface (EMDI) — will also be effective from October 16, 2023. On Tuesday, shares of MCX settled 1 per cent higher at 20.85 apiece on the BSE.

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Published: 10 Oct 2023, 08:34 PM IST
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