The Multi Commodity Exchange of India (MCX), the country’s largest commodity derivatives bourse, has announced that it will commence trading on its web-based commodity derivatives platform (CDP) at 10:45 am on October 16. This is a deviation from the regular 9 am trading schedule, and it is important to note that this timing change is only applicable for the debut day. Starting from October 17, trading will return to the usual time of 9 am.
MCX had unveiled the launch of its web-based commodity derivatives platform (CDP) on October 10, following the approval received from the Securities and Exchange Board of India (SEBI) tech panel. The project had encountered multiple delays under the oversight of the market regulator.
In preparation for the platform’s launch, MCX is planning a mock trading session on October 15. This session is intended to allow members to participate, validate their setup and connections, and a separate circular will be issued with details, as per MCX’s earlier announcement.
Members will have access to the new front-end set-up, MCX Trade Station (MTS), and the new member admin terminal, Member Control Station (MCS), starting from October 14. It’s important to note that all pending orders, including Good ‘Till Cancelled (GTC) and Good ‘Till Date (GTD) orders, at the end of trading hours on October 13 will be canceled due to the release of the new CDP.
