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MCX said it will go live with new Commodity Derivatives Platform (CDP) with effect from Monday, 16 October 2023. To allow members to participate and validate setup and connection, a mock trading session will be conducted on 15 October 2023.
SEBI previously instructed MCX to postpone the platform launch for discussions with the SEBI Technical Advisory Committee. MCX and MCXCCL were instructed to provide comprehensive feedback on the issues raised by Chennai Financial Markets and Accountability concerning the platform. SEBI later permitted MCX to proceed with the go-live of the platform.
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.
Shares of MCX rose 1% to Rs 2098.70 on 10 October 2023.
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