India's largest commodity derivatives bourse Multi Commodity Exchange of India (MCX) will go live at 10:45am on its Web-based commodity derivatives platform (CDP) on October 16, instead of the regular 9am schedule, the company has stated in an exchange filing.
The company noted that this change in trading-hour commencement is only for the debut day. From October 17, trading will start at the usual time of 9am.
MCX announced the launch of its web-based commodity derivatives platform (CDP) on October 10, a day after receiving the green light from the Sebi tech panel. The project has suffered repeated delays with the market regulator.
The exchange will conduct mock trading on October 15 to "allow members to participate, validate setup and connection during the mock trading session for which separate circular would be issued", as stated by MCX earlier this week.
Members can log in to the new front-end set-up – MCX Trade Station (MTS), and new member admin terminal - Member Control Station (MCS) from October 14, it had also mentioned.
It further noted in its circular that all pending orders, including GTC/GTD orders, at the end of trading hours on October 13 would be cancelled owing to the release of the new CPD.
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