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This Article is From Sep 04, 2017

Trading On MCX Platform Halts Briefly

MCX trading was halted in the evening due to a technical glitch.

Trading On MCX Platform Halts Briefly
Traders work on the trading floor of the Multi Commodity Exchange of India in Mumbai, India (Photographer: Amit Bhargava/Bloomberg News)

MCX, the country's leading commodity exchange, on Monday said trading was halted at its platform for a brief period in the evening due to a technical glitch.

“MCX observed a problem with its trading system around 6:36 pm on Monday. After assessing all the hardware, software and network aspects, it was decided to restart the trading system,” it said in a regulatory filing.

The company said members were then allowed to re-login at 7:15 pm.

“Between 7:25 to 7:35 pm, members were allowed to cancel their pending orders in the system, in a special session. Thereafter live/normal trading resumed at 7:36 pm,” it added.

Further, MCX said the matter is being examined for identifying the root cause which led to the issue.

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