Trading on the Multi Commodity Exchange of India (MCX) was halted shortly after the market opened on Wednesday, following technical issues related to margin calculations, as per reports.
According to an announcement on MCX’s website, the market was expected to resume at 9:45 AM from its disaster recovery (DR) site. The exchange stated, “As of now market is halted, market expected to start by 9.45 am,” without detailing the cause at that time.
Later, it emerged that the glitch was linked to a margin calculation problem, which prevented proper risk management processes from functioning. Such an error is critical because margin calculations ensure that trading participants have adequate collateral for their positions — a safeguard for the entire market.
Several users on social media reported that prices appeared to freeze around 9:05 AM, while others complained that orders were stuck and not getting executed. This incident prompted MCX to shift operations temporarily to its DR site to restore trading.
While trading resumed after the stated time, the exchange has not yet issued a detailed statement about the issue and its resolution. Market participants are advised to monitor official updates from MCX for further information.
