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"The exchange had proposed mock trading session on 22 June 2023, from 05.00 p.m. to 11.30 p.m. which stands cancelled," MCX said in a notification 22 June 2023.
This is the second time in a week that MCX has cancelled a mock trading session for its new platform. The previous session was cancelled on 19 June 2023.
The software support and maintenance agreement between MCX and 63 Moons ended in September 2022 but was extended until June 2023. TCS was selected as the vendor for developing the new commodity derivative platform, which has faced delays due to platform development and integration complexities.
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.
MCX's consolidated net profit tumbled 85.1% to Rs 5.45 crore in Q4 FY23 as compared with Rs 36.53 crore in Q4 FY22. Total income jumped 25.6% to Rs 133.75 crore in Q4 FY23 as against Rs 106.45 crore in corresponding quarter last year.
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