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MCX claims technical glitch that resulted in multiple outages resolved

SEBI asked the exchange to find out what went wrong after trading halted four times in two months

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Rajesh Bhayani Mumbai
Multi Commodity Exchange (MCX) claims it has resolved the technical fault which halted its trading four times in the last two months. The exchange said, “ MCX has implemented a solution to prevent this issue in the system."

Following repeated technical glitches, market regulator Securities and Exchange Board of India (SEBI) asked the exchange to take corrective action. There were also reports of SEBI launching an independent audit of MCX technology, but this could not be confirmed. Sources said that the regulator hasn't taken any such step as yet. 

Sources also said that the problem was due to issues in