MCX Fined for Platform Disclosure Lapses

  Published 1 year ago

India's SEBI fined MCX 2.5 million rupees for inadequate disclosures regarding its delayed trading platform migration from 63 Moons to TCS, citing risks to market function and misleading information provided to exchanges.

  • MCX repeatedly extended a costly contract with 63 Moons.
  • Delayed platform migration risked vendor support loss.
  • SEBI found insufficient & misleading disclosures.
You might like these

Cash Ur Drive Marketing IPO Success

L&T Wins Rajasthan Water Infrastructure Orders

Oracle's $40B Nvidia Deal for OpenAI Data Center

RBI Raises Bank Agency Commission for Government Transactions

BofA: India Equities, Cautious Now, Bullish Long-Term

Ola Electric Shares Dip on Pledge & Sales Concerns

RBI Eases AIF Investment Rules

News that matters the most ⚡