MCX extends support services contract with 63 Moons for another six months at a higher price

In a separate exchange filing, 63 Moons mentioned that they have 'once again' agreed to the 'eleventh-hour' request made by MCX.

"We have once again agreed to the eleventh-hour request by MCX, which according to them is for the 'last time' for one more time," the statement said. "We sincerely wish that this 'last time' really happens someday," it further added.

The commodity trading exchange had chosen TCS in September 2021 as its technology solutions provider for its growth and transformation journey. As part of the plan, TCS would help MCX build a new technology core and transform its trading and post-trading functions. This was done as MCX believed that the transition would reduce overall costs.

It, however, on Thursday notified that the mock trading session on 22 June 2023 from 5 PM to 11:30 PM stood cancelled. The exchange had earlier cancelled the mock trading session scheduled on June 19 between 2 PM and 10:30 PM. The session was eventually conducted on June 26.

Software services have been the major expense for MCX over the last few years, rising 29 percent during the March quarter when compared to December, during which it paid Rs 68 crore.

Shares of MCX will be in focus on Friday as the stock has risen 18 percent over the last one month. Shares of 63 Moons on the other hand, have risen 30 percent over the last four sessions, since MCX began the mock trading sessions for the new platform.