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MCX soars on platform launch announcement
(14:37, 28 Sep 2023)
Shares of MCX hit s 52-week high of Rs 2103.85 today.

MCX announced that the CDP will go live from Tuesday, 3 October 2023. It added that mock session ahead of the launch has been fixed on 2nd October 2023.

The CDP platform would interface with members for providing risk management, collateral management, and settlement of related services to members and market participants.

MCX is India's first listed, national-level, electronic exchange, and India's leading commodity derivatives exchange with a market share of about 96.7% in terms of the value of commodity futures contracts traded in financial year 2022-23. Various commodities across segments are traded on the Exchange platform, which include bullion, energy, metals and agri commodities.

The exchange and data platform's consolidated net profit tumbled 52.6% to Rs 19.66 crore in Q1 FY24 as compared with Rs 41.46 crore in Q1 FY23. However, total income jumped 40.8% to Rs 166.21 crore in Q1 FY24 as compared with Rs 118.05 crore in corresponding quarter last year.

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