63 Moons to stop tech services to MCX

63 Moons Technologies decided to discontinue providing exchange technology support and services to Multi Commodity Exchange (MCX) from October 1, 2022, the company said in an exchange filing.

The company said the software support and maintenance agreement between 63 Moons and MCX would end on September 30. As a result, MCX's right to use the exchange technology software with no access to the source code to rectify issues will be subject to any restriction the regulator may impose on the bourse, the filing said.

"MCX shall not be entitled to receive any support on the exchange technology software after September 30, 2022, if the trading or settlement system halts for any reason. No workaround... is possible in issues arising in exchange platform as no access to source code is available to MCX." -