63Moons Technology announced today morning that as requested by Multi Commodity Exchange of India Limited (MCX), the company has agreed to a fresh arrangement, as per new terms of engagement, for Software Support Services to the exchange for a period of three months commencing October 1, 2022. 63Moons has been providing the trading, clearing and settlement platform for MCX.

The software support and maintenance agreement between 63 Moons and MCX, which was last amended on September 27, 2014 has ended on September 30, 2022.

The market has given this renewal a thumbs up, with the stock price rising over 5.5% to an intraday high at Rs.170.10; its 52-week high is at Rs.373.70.