Mumbai : Multi Commodity Exchange of India (MCX), India’s largest commodity exchange had to halt trading for a brief period around 8.10 pm yesterday due to a technical glitch. Keeping this in mind, MCX allowed the members to cancel their pending orders in the system during a special session between 10.15 to 10.30 pm last night. Thereafter LIVE/Normal trading resumed at 10:31pm. The exchange concluded its session at 11:30pm as per normal schedule.
The internationally referenceable agri commodities viz Cotton and Crude Palm Oil (CPO), were settled for July 16, 2018, on the basis of last half hour traded price i.e. 07:39:45pm and 08 :09:44pm.
The end of day activities across trading, surveillance, clearing & settlement were completed as per regular schedule. Data integrity and other checks have been performed to satisfy and assure that there has been no impact on any of the surveillance, risk margining and any other pre or post-trade activities.
The matter is currently being examined by our software vendor and the OEMs (original equipment manufacturer). A preventive solution has been put in place based upon the recommendations of our software vendor and OEM.