Multi Commodity Exchange of India (MCX) has received an approval for Master Amendment to Principal Agreements to be entered into between MCX and Financial Technologies (India) (FTIL) for availing Technology support & Managed Services on such terms & conditions as contained therein.
Pursuant to this Agreement, MCX will continue to avail technology support and managed services from FTIL. The board of directors at their meeting held on September 25, 2014, has approved for the same.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
