Stay Informed: MCX Trading Hours Revised for October 16, 2023, as New Commodity Derivatives Platform Goes Live
The Multi Commodity Exchange Clearing Corporation Limited (MCX CCL) will effectively launch its newest web-based trading platform for commodity derivatives, making it available to trading members on Monday, October 16, 2023.
The members and participants in the market benefit from this new platform by offering services related to risk management, collateral management, and settlement.
In this context, MCX is conducting mock trading sessions on Sunday, October 15, 2023, enabling trading members and market participants to actively engage, validate their setups, and establish connections during these simulated trading sessions.
To initiate operations on the new platform, MCX has adjusted trading hours for Monday, October 16, 2023. The exchange will resume its standard trading hours starting October 17, 2023.
Revised Trading Hours for October 16,2023
Particulars |
Special Session |
Trade Start Time |
Trade
|
Client Code Modification Session |
|
Non-Agri Commodities |
10:30 AM to 10:44 AM |
10:45 AM |
11:30 PM |
11:30 PM to 11:45 PM |
|
Select Agri Commodities (Cotton & Kapas) |
10:30 AM to 10:44 AM |
10:45 AM |
9:00 PM |
9.00 PM to 9.15 PM |
|
All Other Agri Commodities |
10:30 AM to 10:44 AM |
10:45 AM |
5:00 PM |
5.00 PM to 5.15 PM |
Restored Trading Hours from October 17, 2023 Onwards
Particulars |
Special Session |
Trade Start Time |
Trade
|
Client Code Modification Session |
|
Non-Agri Commodities |
08:45 AM to 08:59 AM |
09:00 AM |
11:30 PM |
11:30 PM to 11:45 PM |
|
Select Agri Commodities (Cotton & Kapas) |
08:45 AM to 08:59 AM |
09:00 AM |
9:00 PM |
9.00 PM to 9.15 PM |
|
All Other Agri Commodities |
08:45 AM to 08:59 AM |
09:00 AM |
5:00 PM |
5.00 PM to 5.15 PM |
For additional information, kindly refer to the MCX Circular. It is important to acknowledge that MCX will inaugurate the new trading platform on October 16, 2023. Clients using the ORCA web platform or app will experience no alterations in their trading experience, as these modifications are exclusive to the exchange level. This notification is for your awareness, and no action is needed on the client's part. Further details can be found in the MCX Circular.
Frequently Asked Questions
Why Are the MCX Trading Hours Being Revised on October 16, 2023?
The trading hours are being adjusted to facilitate the launch of MCXCCL's new web-based trading platform for commodity derivatives.
When Does the New Trading Platform Go Live?
The new commodity derivatives platform will go live on Monday, October 16, 2023.
When Will the Trading Hours Revert To Normal?
The exchange will resume its standard trading hours starting October 17, 2023.
