Market regulator SEBI had initially asked MCX to delay the platform launch, pending discussions with the SEBI Technical Advisory Committee. However, SEBI has now withdrawn its directions and allowed MCX to proceed with the go-live of the CDP. MCXCCL, the clearing corporation in the commodity derivatives market, will also be involved in the platform.

Before the go-live, SEBI requested MCX and MCXCCL to provide detailed comments on the issues raised by Chennai Financial Markets and Accountability regarding the CDP. Despite the delay, MCX had been conducting mock tests in preparation for the platform's launch.

MCX is India's first listed, national-level, electronic exchange, and India's leading commodity derivatives exchange with a market share of about 96.7% in terms of the value of commodity futures contracts traded in financial year 2022-23. Various commodities across segments are traded on the Exchange platform, which include bullion, energy, metals and agri commodities.

The exchange and data platform's consolidated net profit tumbled 52.6% to Rs 19.66 crore in Q1 FY24 as compared with Rs 41.46 crore in Q1 FY23. However, total income jumped 40.8% to Rs 166.21 crore in Q1 FY24 as compared with Rs 118.05 crore in corresponding quarter last year.