MCX Opening Pushed Back to 1PM Due to Technical Difficulties

13 Feb 2024 , 11:36 AM

According to CNBC, a technical malfunction caused Multi Commodity Exchange of India (MCX) to further postpone the opening of the commodity markets from their previous 11am schedule to 1pm on February 13. A tech team was tasked with resolving the issue.

This was the second occasion that MCX changed its opening hour in the past. Prior to this, Zerodha and Upstox announced on Twitter that MCX’s opening had been postponed from 9am to 10am due to a technical issue. The timing was then changed again, from 10 am to 11 am.

In a previous circular, MCX announced that the commodities derivatives segment’s trading hours for February 13, 2024, had been moved from 9 a.m. to 10 a.m.

‘The Exchange is facing some technical issues in its commodity derivatives trading platform today, i.e. February 13, 2024, and the teams of the Exchange as well as the Technology VendorTCS, are working to resolve the issue’ , MCX stated in a notice to exchanges.

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