A technical glitch on the Multi Commodity Alternate (MCX) led to a halt in buying and selling on the commodity derivatives alternate for 1 hour and quarter-hour on Wednesday. Buying and selling on the alternate resumed at 10:15 am, MCX stated. The disruption affected buying and selling within the commodity futures and choices section of the alternate.
Buying and selling suspension on MCX
“Buying and selling began on the alternate at 10:15 am right now, attributable to delay in clearing technical processes and file sharing,” the alternate stated in an announcement.
Initially, the alternate on its web site stated that buying and selling was ‘anticipated to begin by 9:45 am’.
Common buying and selling hours
The traditional buying and selling session on the MCX begins from 9 am to 11:30 pm from Monday to Friday. Agri-commodities can be found for futures buying and selling as much as 5 pm whereas different commodities resembling bullions, metals and vitality merchandise can be found as much as 11:30 pm/11.55 PM and worldwide referenceable agri-commodities can be found for buying and selling as much as 9 pm.
The particular session on the MCX is held from 8:45 am to eight:59 am on weekdays. This session is being held to cancel the pending orders previous to opening of the market.
Earlier cases of technical snag
This isn’t the primary time that buying and selling was disrupted on MCX attributable to technical glitches.
On February 13, 2024, the buying and selling at MCX was delayed for 4 hours. On that day, MCX had commenced buying and selling at 1 pm as an alternative of the scheduled time at 9 am. The commodity derivatives alternate attributed the delay to the sluggish processing and era of backend recordsdata for the members.
Story continues beneath this advert
In July final 12 months, a world outage of Microsoft Programs was reported to trigger disruptions throughout numerous sectors globally. Nonetheless in India, all exchanges and clearing firms functioned with none influence. Out of the over 1,400 buying and selling members ecosystem, there have been 11 buying and selling members who reported disruptions to their operations, which had been both resolved in the course of the day, or are being resolved, exchanges had stated.
Complete buying and selling turnover on MCX
MCX is the nation’s main commodity derivatives alternate with a market share of about 98 per cent when it comes to the worth of commodity futures contracts traded within the monetary 12 months 2024-25. In the course of the 12 months ending March 31, 2025, the common day by day turnover (ADT) of commodity futures and choices on MCX surged by 101 per cent, reaching Rs 2.19 lakh crore, in comparison with the earlier 12 months’s ADT of Rs 1.09 lakh crore.
The ADT of commodity futures surged by 38 per cent in the course of the 12 months to Rs 27,153 crore, in comparison with Rs 19,636 crore in FY24, the alternate stated.
The mixed variety of traded shoppers for futures and choices witnessed a 39 per cent progress, reaching 12.96 lakh from 9.32 lakh final 12 months.
© The Indian Specific Pvt Ltd