MCX resolves technical glitches

Image
Press Trust of India New Delhi
Last Updated : Jul 19 2018 | 12:50 PM IST

Leading commodity bourse MCX today said it has resolved the technical problem which had led to halts trading over the last few days.

MCX and its vendors -- for software, hardware and the operating system -- have carried out a detailed analysis of the log records and observed that the incident occurred due to a low level of transmission control protocol packet, it said in a regulatory filing.

"Thereafter, working with the vendors, MCX has implemented a solution which will prevent this issue in the system," the exchange added.

However, analysts said that the frequent halting of trade for 3-5 hours a day on the MCX platform citing technical reasons was not normal.

Investors fear "price manipulation" as rates quoted for some of the commodities when the trading resumed after the technical problem were either lower or higher, they said.

MCX is the country's top commodity bourse and has large presence in both agri and non-agriculture commodities.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2018 | 12:50 PM IST

Next Story