The planned migration to this platform, which was expected to take place by October 3, is now unlikely to occur within the initial projected timeframe.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 10255.77 Crore) operating in Financial Services sector.
MCX platform: On Thursday, SEBI asked the company to put the proposed go-live of its new commodity derivatives platform planned for next week, that sent the shares crashing.
The above action has been taken by the market regulator in view of the writ petitions filed by Chennai Financial Markets and Accountability (CFMA) on Commodity Derivatives Platform (CDP). "It may be noted that writ petitions filed by CFMA on CDP are pending before the Honble Madras High Court for disposal," MCX said in an exchange filing said.