Trading on the Multi Commodity Exchange (MCX) remained halted for over two hours on Tuesday morning (October 28) following a technical disruption that delayed the market opening multiple times.
According to the MCX website, trading—originally scheduled to begin at 9 AM—was first postponed to 9:30 AM, then 9:45 AM, and later 10 AM. A subsequent update at 10:30 AM mentioned a planned resumption, but that notice was later withdrawn. At 11:05 AM, MCX issued another statement saying:
“The commencement of trading is delayed due to a technical issue. Trading will start from the DR (Disaster Recovery) site. The time of commencement of trading will be informed to market participants. Inconvenience is regretted.”
Meanwhile, the National Stock Exchange (NSE) confirmed that its commodity derivatives segment remains operational, clarifying that the issue is confined to MCX.
MCX, India’s largest commodity derivatives exchange, has faced similar issues before. On July 23, trading was also delayed by nearly an hour due to technical problems. The exchange operates between 9 AM and 11:30 PM on weekdays, split into morning and evening sessions.
This latest outage has frustrated traders, especially as it occurred on a monthly expiry day, leading to growing calls for accountability and system upgrades.
Developing story.
