Visitors look at the price Index of the Multi Commodity Exchange of India in Mumbai, India (Photographer: Amit Bhargava/Bloomberg News)  

Trading Halts Twice At MCX Due To Technical Glitch

The Multi Commodity Exchange restarted its trading system after two successive halts today due to technical glitches.

Normal trading resumed on MCX at 4.11 pm, MCX said in a statement. In a special session between 3.55 p.m. to 4.10 p.m., the members were allowed to cancel their pending orders in the system, the bourse said in a separate statement earlier in the day before trade resumed after the second halt.

Reasons for the glitches are being investigated by MCX’s technology team, software vendor, and hardware and operating system manufacturers, the commodity exchanged said, adding that it was not caused by any cyber security breach.

Earlier during the day, MCX observed a technical problem with its trading system around 11:46 a.m following which normal trading resumed at 12:56 p.m. It, however, was halted again at 1.43 p.m.

Also read: BSE Higher On Growth Yet Cheaper Than MCX