MCX extends software support contract with 63 moons again
Commodity exchange MCX has extended its software support contract with 63 moons technologies for an additional six months after failing to transition to a new trading platform. The contract has been renewed at a cost of Rs 250 crore. MCX stated that the extension was necessary to ensure stakeholders are prepared for the new platform. 63 moons, formerly Financial Technologies India Ltd, expressed its hope that this would be the last time the contract is extended. This marks the third time MCX has approached 63 moons for an extension since selecting a new technology service provider in February 2021.
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