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Trading on India's Multi Commodity Exchange halted due to glitch - source
September 4, 2017 / 2:36 PM / 17 days ago

Trading on India's Multi Commodity Exchange halted due to glitch - source

A staff member walks past the MCX-SX logo at their Exchange Square building in Mumbai February 11, 2013. REUTERS/Vivek Prakash/Files

MUMBAI (Reuters) - Trading on India’s Multi Commodity Exchange (MCX) was suspended on Monday evening for an hour across its futures contracts because of a glitch, an exchange official said, adding the cause was being investigated.

Trading was halted at 1836 India time (1306 GMT) on Monday and resumed an hour later, the MCX official said, declining to be named because he was not authorised to speak to media.

MCX is India’s biggest commodity exchange, and it is primarily a venue to trade gold, crude and copper futures contract, although trading of commodities in India is still only a small portion of financial markets.

The glitch comes nearly two months after National Stock Exchange, India’s biggest bourse, suffered a trading glitch that halted trading of shares for most of the session.

Reporting by Rajendra Jadhav; Editing by Keith Weir

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