MCX Technical Glitch: Trading Halted Again, Brokers Seek Meeting With Chairperson

Trading has once again faced a roadblock at the country's largest commodities bourse, the Multi Commodity Exchange of India Ltd. due to technical issues, it's website announced on Tuesday. While the website was initially supposed to start from 9:30 a.m., trading on the main site remained unavailable till the time of publication.

"The commencement of trading is delayed due to technical issue. Trading will start on DR site. The time of commencement of trading will be informed to market participants. Inconvenience is regretted," a notice said on the website.

Currently, trading on the Disaster Recovery site, a backup system typically used during emergencies, has been suggested by the bourse.

Major tech issues have been persistent for the past two to three days, sources told NDTV Profit. The trading orders are not getting confirmed and the settlement files are not coming on time, they said.

NDTV Profit was further told that the glitches have been recurring for the past two years and the Commodity Participants Association of India, a brokers' body, has raised the issue with the exchange several times. They have sought a meeting with the MCX Chairperson as well and expect a response by next week.

These tech issues have become a pain point for brokers and one of the major issues is in the form of delays in getting settlement files, according to one of the sources mentioned above.

Trading at MCX was halted on July 23 as well.

Shares of MCX fell over 1% during early trade on the NSE.

MCX has 544 registered members and 32,480 Authorised Persons across India as of March 2025.

The bourse has a market share of about 98% in terms of the value of commodity futures contracts traded in the financial year 2024-25.