Business

MCX to shift to new commodity trading platform on October 16: Check mock trading details, password guidelines, other details

BY Amirul

October 11, 2023
12:43 am

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The MCX (Multi Commodity Alternate of India Ltd) introduced on Tuesday that it’s going to go reside with the brand new Commodity Derivatives Platform from Monday, October 16. The implementation had earlier been placed on maintain by the capital market regulator Sebi because of “technical points”. MCX additional knowledgeable that in gentle of the transition to the platform, it has deliberate to conduct a mock buying and selling on Sunday, October 15. This will probably be carried out to be able to enable members to take part, validate setup and connection in the course of the mock buying and selling session for which separate round could be issued later.

Right here is the entire round issued by MCX underlining the main points concerning the process, terminal and password pointers to be adopted by merchants with respect to the “Implementation of New Commodity Spinoff Platform (CDP)”

MCX stated that the members are requested to pay attention to the next —

A. Commerce Work Station & Member Admin Terminal & Features:

i) Members can login to new entrance finish specifically the brand new Buying and selling work station – MCX Commerce Station (MTS), Model 14.0.2.XX, new Member admin terminal – Member Management Station (MCS), model 14.0.2.XX.

ii) The brand new entrance finish, MTS & MCS set-up will probably be accessible on SFTP server (Extranet) from Saturday, October 14, 2023.

iii) Members could please observe that every one the pending orders (together with GTC / GTD orders) on the finish of buying and selling hours on Friday, October 13, 2023 will probably be cancelled because of launch of the brand new buying and selling platform.

iv) Members could please observe that pending Possibility Devolvement Intimations for CRUDEOIL OPTION 17OCT2023 contract is not going to be carried ahead to the brand new buying and selling platform and members could enter the intimation afresh within the new buying and selling platform.

v) Members could please observe that Possibility Devolvement Intimation will be offered on the expiry date of the Choices contract efficient from Monday, October 16, 2023.

vi) Members could please observe that amenities like Multi-MAT, LTP based mostly unfold, Unfold IOC and Mixture orders (2L/ 3L) is not going to be accessible until additional discover for buying and selling.

vii) Members are requested to take observe that any request for change in IP deal with will probably be efficient from subsequent buying and selling day.

viii) Following amenities will no longer be accessible on member admin —

a) Person Replace Setting will no longer be accessible and if Members require any modification they need to ship request to the Alternate.

b) Product basket disallow and Turnover restrict performance at person stage.

c) Internet place, Margin restrict and utilisation associated features, Institutional Trades and its approval function would now be accessible via BaNCS software.

B. New Buying and selling Interfaces (CTCL):

i) CTCL software program developed utilizing new buying and selling interface – MCX Enhanced Buying and selling Interface (ETI) API model 1.3 dated twenty fifth April, 2023 and FIX API model 1.2 dated June 21, 2022, will probably be efficient from October 16, 2023.

ii) Members utilizing CTCL vendor software program are requested to contact their respective distributors for updating their software program as per above API.

iii) Members are requested to take observe that CTCL file add facility is not going to be accessible whereas Creation/ Modification of vendor particulars.

iv) New Buying and selling Market Knowledge Interfaces (APIs) – MCX Market Knowledge Interface (MDI) and MCX Enhanced Market Knowledge Interface (EMDI) – v1.5 and New Tick-by-Tick Buying and selling Market Knowledge Interface (API) –MCX Enhanced Order Guide Interface (EOBI) – Model 1.2, will probably be efficient from October 16, 2023.

v) For community connectivity, Member ought to refer New Buying and selling Interface – Connectivity particulars (DC & DR) round no: MCX/TECH/678/2022 dated November 28, 2022.

C. Password Guideline:

1) Throughout Mock buying and selling session which is scheduled on October 15, 2023, members are requested to login with their Person IDs accessible within the mock setting to entry the buying and selling system. Additional, Person IDs password set throughout these mock buying and selling periods will probably be carried within the new system as soon as the system goes reside.

2) The password coverage is as follows —
a) Passwords ought to be a minimal of 8 characters.
b) Passwords ought to be a most of 12 characters.
d) Passwords ought to include each Higher Case and Decrease-Case characters (e.g.: a-z, AZ)
e) The password ought to embrace digits and particular characters (e.g.: 0-9, !@#$%^&*()_+|~-=`{}[]:”;'<>?,./)
f) Password historical past is minimal 6 passwords, therefore you can not set new password which is utilized in final 6 occasions.

3)Default password
a) Through the first login in Mock, Customers (together with MCS & MTS) must enter password as Mcx@2208 and upon profitable login system will instantly ask for password change, which will be set as per person alternative as per password guideline.

b) If new person is created or password is reset, then default password will probably be set as Mcx@ddmm on that given date. For instance, if password for person id 1234 is reset on October 11, 2023, then default password could be Mcx@1110.

c) Member can reset MTS terminal password via MCS software.

D. Again Workplace System:

i) MCX has suggested members to make use of the back-office software program duly examined for adjustments in new buying and selling platform. And added that the brand new buying and selling interface supported-File format Model- 1.2, that was knowledgeable as per Round no. MCX/TECH/394/2023 dated June 19, 2023, shall be efficient from October 16, 2023.

ii) A brand new net portal (eClear) interface https://eclear.mcxccl.com/Bancs/ may even be made reside as a part of the New Commodity Spinoff Platform implementation.

iii) Members connecting to eClear portal are required to make use of RSA SecureID as a multi-factor authentication, please refer, MCXCCL Round no. MCXCCL/TECH/145/2023 dated, Jun 07, 2023.

E. SFTP facility:

i) The Alternate would allow two issue authentication for members to login to SFTP (https://sftp.mcxindia.com) for enhancing safety management measure from October 16, 2023. The 2-factor authentication makes use of google authenticator for Time-based One Time Password (TOTP). The prevailing SFTP could be modified to Oldsftp (i.e. https://oldsftp.mcxindia.com) for members to obtain their historic studies.

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