The Multi Commodity Exchange of India (MCX) on Wednesday said all its trading systems are functioning normally, a day after a technical glitch delayed the start of trading by more than four hours.
In a statement, the exchange said, “The primary issue was pertaining to data processing at the trading gateway. Corrective measures have been taken to address the same.” It added that a thorough review is underway to strengthen the robustness of its trading infrastructure and prevent a recurrence.
MCX said it has been in constant touch with stakeholders and kept them informed of developments during the disruption. The exchange will notify market participants when operations shift back from the disaster recovery (DR) site to the primary data centre.
“We sincerely regret the inconvenience caused and appreciate the cooperation, support, and understanding of all stakeholders during this period,” MCX said.
MCX shares in the green
On Wednesday, shares of Multi Commodity Exchange of India were trading at Rs 9,154, up Rs 37.50 or 0.41% as of 12:02 pm, indicating recovery.
The glitch on Tuesday, October 28, had forced MCX to delay the market opening from 9 am to 1:25 pm Trading was conducted from the DR site for the rest of the session. The exchange later confirmed that the disruption stemmed from an issue in data processing at the trading gateway.
MCX, India’s largest commodity derivatives exchange, commands around 98% of the country’s commodity futures market and offers trading across bullion, energy, metals, and agricultural commodities.