Multi Commodity Exchange of India (MCX) issued a formal clarification stating that media reports about weekly expiry contracts are “baseless and factually inaccurate,” warning of adverse stakeholder impact. The exchange emphasized verified communication and transparency through its official channels, pushing back against speculation around weekly expiries linked to MCX.
MCX filed a disclosure under Regulation 30, clarifying that news aired by certain media channels regarding “weekly expiry or other messages” associated with the exchange is inaccurate and potentially harmful to stakeholders. The communication notes that the official clarification will be available on MCX’s website and is signed by the company secretary, Manisha Harshad Thakur. filingreader...
Notable updates
• Strong rebuttal: MCX labeled the weekly expiry coverage “baseless and factually inaccurate,” urging media restraint to avoid unverified, detrimental narratives.
• Regulatory disclosure: The clarification was made via an exchange filing under SEBI’s LODR Regulation 30, reinforcing transparency commitments.
• Stakeholder impact: MCX flagged the potential adverse effects of misinformation on market participants and investors.
• Context: Separate media reports had speculated on regulatory stance toward weekly expiries; MCX’s statement directly counters those narratives.
These points reflect MCX’s effort to correct the record and stabilize market sentiment amid speculative reporting.
Sources: FilingReader Intelligence; Business Upturn; CNBC-TV18