Trading on India's Multi Commodity Exchange halted due to glitch - source

Image
Reuters MUMBAI
Last Updated : Sep 04 2017 | 8:22 PM IST

MUMBAI (Reuters) - Trading on India's Multi Commodity Exchange (MCX) was suspended on Monday evening for an hour across its futures contracts because of a glitch, an exchange official said, adding the cause was being investigated.

Trading was halted at 1836 India time (1306 GMT) on Monday and resumed an hour later, the MCX official said, declining to be named because he was not authorised to speak to media.

MCX is India's biggest commodity exchange, and it is primarily a venue to trade gold, crude and copper futures contract, although trading of commodities in India is still only a small portion of financial markets.

The glitch comes nearly two months after National Stock Exchange, India's biggest bourse, suffered a trading glitch that halted trading of shares for most of the session.

(Reporting by Rajendra Jadhav; Editing by Keith Weir)

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: Sep 04 2017 | 8:06 PM IST

Next Story