India s biggest commodity exchange, the Multi Commodity Exchange , said on Tuesday trading has resumed on its commodity derivatives platform after a four-hour delay due to a technical hitch..
MCX plans to go live with the new commodity derivatives platform from October 16. The launch of the new commodity derivatives platform was delayed as SEBI had put a temporary suspension till the first week of October
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Shares of Multi Commodity Exchange of India Ltd. advanced after the Securities and Exchange Board of India allowed it to go live with its proposed commodity derivatives platform.
"SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed go-live of CDP in abeyance," according to an exchange filing.
Multi Commodity Exchange Clearing Corporation Ltd., or MCXCCL, is a clearing corporation in the commodity derivatives market.