MCX will go live on July 27 with its new trading software that will also accommodate zero and negative prices of commodity derivatives contracts. The new trading software will put MCX at par with global exchanges like the CME Group, which already offer negative pricing. MCX will conduct mock trading sessions between July 11 and July 18 for the purpose.

The problem came to the fore on the May settlement day in the third week of April when WTI crude on the NY Mercantile Exchange closed in the negative. At that time, the clearing corporation had initially set the settlement price at zero. However, later the settlement price was set at negative leading to huge losses for long positions. The legal case is still on.