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MCX starts trading finally at 1pm after tech glitch hits commodity platform

According to a news report, MCX issued a circular saying trading hours for the commodity derivatives segment for February 13, 2024 have been revised from 11:00 AM to 1:00PM.

February 13, 2024 / 13:28 IST
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    Multi Commodity Exchange of India (MCX) finally started trading at 1pm on February 13 after a technical glitch held it up since 9am, CNBC TV reported.

    The commodity exchange was forced to revise its opening time thrice over - first time from 9am to 10am, and then to 11am, and finally to 1pm - after the technical snag erupted on February 13 morning, CNBC reported. Zerodha and Upstox first reported in their twitter handle that the opening of MCX was being delayed because of the technical glitch.

    This was followed by a circular from the MCX stating the revised time. "The Exchange is facing some technical issues in its commodity derivatives trading platform on February 13, and teams from the exchange as well as technology vendor TCS are working to resolve the issue," it said in a notice to exchanges.

    Meanwhile, markets traded marginally higher with the Sensex up 0.2 percent to 71,191 points.

    Shrey Jain, founder and CEO, SAS Online on MCX, said: "Brokers are awaiting their position, margin and trade files from the MCX without which processing of previous trading session is pending. Once files are received, we will do the beginning of day process and prepare the system for today's trading."

    (The story's main image was updated on February 14)

    Moneycontrol News
    first published: Feb 13, 2024 09:58 am

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