Tech glitch delays trading at MCX by four hours

TRADING ATTHE Multi Commodity Exchange (MCX), the country’s largest commodity exchange, scheduled to commence at 9:00 a.m.was delayed by more than four hours on Tuesday due to a technical issue. The bourse was forced to shift operations to its disaster recovery system and trading started at 1:25 p.m.

- FE BUREAU

A release by the exchange said all trading systems are now functioning normally.

MCX said: “An investigation into the issue has been initiated on priority. We are committed to identifying the cause and implementing necessary corrective measures. Updates on our findings and actions taken will be shared in due course. We sincerely regret the inconvenience caused to market participants and appreciate their patience and understanding.”

This led to a 2% fall in the company’s share price that ended at $9,129.00.