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.