MCX Technical Glitch: This morning, trading has not started at 9 am due to technical problems on the country's commodity market exchange Multi Commodity Exchange. Due to technical glitch or technical problem on MCX, it has been decided that trading will start from 10 am today.
Zerodha gave information by tweeting
Trading platform Zerodha has given information about this by tweeting on X (formerly Twitter). Zerodha has written in its tweet that Multi Commodity Exchange (MCX) is facing some technical glitch on Tuesday morning, hence commodity trading on the exchange will start at 10 am.
Due to operational delays at the Multi Commodity Exchange (MCX), the commodity markets will open at 10 AM today.
— Zerodha (@zerodhaonline) February 13, 2024
As soon as it was time for the commodity markets to open this morning, traders and investors faced difficulties in executing deals due to technical glitches on the Multi Commodity Exchange. Immediately after this it became clear that trading would not start on MCX at the routine time of 9 o'clock.
What is MCX
Multi Commodity Exchange of India Limited (MCX) is an ultra modern electronic commodity exchange of India and its headquarters is in Mumbai. This is Financial Technologies (India) Limited. (FTIL) is a demutualized exchange established through. MCX is a permanently recognized exchange by the Government of India facilitating online trading, clearing and settlement operations for commodity futures trading across India.
MCX offers many different segments on its platform. Offers more than 40 commodities across bullion, various metals (including iron) and agricultural commodities. In terms of the number of futures contracts traded, the exchange holds the status of being the largest exchange in the world for silver, second largest for gold, copper and natural gas and third largest for crude oil contracts.
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