Trading at MCX resumes after initial halt amid reports of technical glitch

MCX did not disclose the reason for the initial trading halt, with operations resuming around 10:20 AM

Trading resumed at the country's leading commodity exchange, Multi Commodity Exchange of India Ltd (MCX) after it was halted on Wednesday morning amid reports of a technical glitch at the platform.

 

Operations on the platform resumed around 10:20 AM, after an initial pause. The exchange had first announced a reopening at 9:45 AM, later revising it to 10:10 AM. The platform also did not disclose the reason for the disruption.

 

Reports indicate that such halts usually occur due to a technical glitch. The disruption in trading on MCX would affect trading volumes and hedging activities in key commodities such as gold, silver, crude oil, and base metals.

 

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The securities market regulator, Securities and Exchange Board of India (Sebi), recently, in May, imposed a fine of ₹2.5 million on MCX for lapses in disclosure and for providing inaccurate information regarding its trading software contract.   

 

Following repeated technical glitches back in 2018, Sebi had then asked the exchange to take corrective action.  

MCX gets Sebi's nod for electricity futures

Recently, the stock of MCX came after Sebi granted approval for the launch of Electricity Derivatives Contracts. The derivatives contracts by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market.

About MCX

MCX, operational since 2003, is India’s leading commodity derivatives exchange with a market share of about 98 per cent in terms of the value of commodity futures contracts traded in the financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.