SEBI withdraws directions given to MCX to keep Go-Live of CDP in abeyance

SEBI had, earlier advised Multi Commodity Exchange of India Limited (MCX) to keep in abeyance the proposal to Go-live with the new Commodity Derivative Platform (CDP).

Thereafter, replies of MCX and MCXCCL on the complaint of Chennai Financial Markets and Accountability (CFMA) regarding the new CDP was submitted to SEBI, after following due process. Subsequently, SEBI Technical Advisory Committee has recommended that MCX and MCXCCL may Go-Live with the CDP and to intimate SEBI regarding the proposed date for Go Live.

Accordingly, SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed Go-Live of CDP in abeyance.

Shares of Multi Commodity Exchange of India Limited was last trading in BSE at Rs. 2039.05 as compared to the previous close of Rs. 1948.55. The total number of shares traded during the day was 168227 in over 8592 trades.

The stock hit an intraday high of Rs. 2051.00 and intraday low of 1948.55. The net turnover during the day was Rs. 339073729.00.

Source : Equity Bulls

Keywords

MultiCommodityExchangeofIndia INE745G01035 MCX CommodityDerivativePlatform SEBI