MCX hit by technical glitch, trading halted since market open
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Trading on Multi Commodity Exchange ( MCX ) was suspended on Wednesday morning following a technical glitch. The commodity exchange said it is expected to resume business by 10:10 am.Stocks and commodities broker Zerodha informed clients that MCX is currently facing an issue and is not accepting orders across all brokers. 'In the meantime, you can place orders in the NSE Commodity segment (NCO),' the broker said in a note to clients.MCX has not immediately disclosed the reason behind the outage.In February last year, India's largest non-agri commodity exchange, MCX, was hit by a glitch that led to a four-hour suspension of operations. The issue was believed to be related to its transition to a new trading platform.The bourse has previously faced challenges related to its technology transition from 63 Moons to TCS. MCX offers trading in commodity derivative contracts across various segments, including bullion, industrial metals, energy, and agricultural commodities.Earlier this month, it introduced Electricity Futures Contracts to meet the growing demand for structured electricity price risk management instruments.The contract will be available for all 12 calendar months, with trading initially open for the current and next three months.
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