MCX to launch new trading software from July 27

A day right after postponing it indefinitely, the Multi Commodity Trade (MCX) has introduced that the new trading software program will go live on July 27.

The upgraded software program will come with the function to take detrimental bids. In purchase to familiarise traders and associates with the the new software program, MCX experienced carried out mock trading from July eleven-18. Dependent on the request from associates a further mock trading session will be carried out on July twenty five before likely live with the new software program, reported the trade in a statement.

On Friday, the trade experienced made the decision not to go live with its new software program from July 20 and reported it will communicate the new day via a different circular. The trade not too long ago captivated investors’ wrath for settling its April crude contract at detrimental ₹2,884 a barrel, top to a decline of ₹435 crore.

It suggested all associates to actively take part in the mock trading to avoid any difficulties when the new trading software program goes live.