63 Moons didn’t respond to the floated RFP. So, MCX chose to go with TCS.
I guess the sticking point was the nature of the contract. MCX wasn’t willing to share a cut of the revenue, & wanted a fixed price contract with the software vendor.
With the trading volumes going up because of options, I think what the management chose to do was the right thing. But they, along with TCS, failed miserably in the migration to the new platform.
Disc: Invested.
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