The Multi Commodity Exchange of India (MCX) is all set to go live on July 27 with its new trading software to accommodate zero and negative prices of commodities derivatives contracts it offers on its platform.
The new trading software will go online from July 27, bringing the bourse at par with global exchanges as CME Group, the world's largest derivatives place, has already adopted this standard in April.
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.
