Comments
Multi Commodity Exchange of India (MCX) said that it has amended its agreement with Financial Technologies (India) Ltd (FTIL) relating to technology support and managed services from FTIL.
In a communication to the stock exchanges, MCX said the amended terms include reduction in tenure up to October 2022, lowering of fixed charges for software support and managed services from Rs 2 crore to Rs 1.5 crore per month and variable charges from 12.5 per cent to 10.3 per cent of the gross transaction charges received by MCX on a monthly basis.
MCX said it is confident that it will be allowed to launch all its contracts for 2015 once the full divestment by FTIL of its stake in MCX takes place.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.