63 moons to discontinue tech support to MCX after September 30

63 moons technologies, a global leader in providing next-generation technology, user-friendly financial platforms and solutions, and digital markets, on Monday said the company would not provide its exchange technology support and services to Multi Commodity Exchange (MCX) beyond.

In its filing, 63 moons urged the stock exchange to bring to the attention of stakeholders of the company that the term of the Software Support and Maintenance Agreement between 63 moons and MCX, as amended on September 27, 2014, would end on September 30, 2022. “Consequently, MCX would cease to be a client of the 63 moons for the Exchange Technology Maintenance Agreement,” clarified the Mumbai-based tech firm.

As the agreement between the two is not renewed, 63 moons stated, MCX’s right to use the Exchange Technology software (with no access to the source code to rectify issues or bugs that may arise) shall be subject to any regulatory restriction the regulator may impose on MCX.