MCX said it will go live with new software that allows trading at negative prices. The decision follows the chaos witnessed after oil futures at one point in trade were dragged to the negative territory on April 20.
MCX To Allow Negative Price Trading From July 27
This was a one-off incidence and no similar instance of negative price trading was seen on any of the other bourses. But the problem that surfaced was none of the Indian bourses was technically equipped to take those negative quotes into account.
After the fiasco, first the BSE commodity segment made adjustments for negative trading and now MCX will allow it from July 27, 2020. "The upgraded software version comes with a feature to accept negative bids. In order to familiarise traders and members with the working of the new software, MCX conducted mock trading sessions on July 11 and July 18, without any adverse observation from members", said the MCX.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google