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What is the story about?
Trading on the Multi Commodity Exchange of India (MCX) remained delayed on Tuesday, October 28, due to a technical issue that prompted the exchange to repeatedly push back its market opening before removing the start time altogether.
In its latest update, MCX said, “The commencement of trading is delayed due to a technical issue. Trading will start from DR site. The time of commencement of trading will be informed to market participants.”
The reference to “DR site” indicates that the exchange plans to operate from its Disaster Recovery (DR) site, a backup system designed to restore trading functions in case of disruptions at the primary data centre.
Such sites are a standard part of market infrastructure to ensure business continuity.
MCX had earlier postponed the market opening multiple times — from its usual 9 am to 9:30 am, then 10 am, and later 10:30 am — before removing the specified time altogether. While the exchange has not disclosed the nature of the glitch, it has assured that updates will be shared with market participants.
The Multi Commodity Exchange, headquartered in Mumbai, is India’s largest commodity derivatives platform. It enables futures and options trading in gold, silver, crude oil, and base metals, operating under the supervision of the Securities and Exchange Board of India (SEBI).
In its latest update, MCX said, “The commencement of trading is delayed due to a technical issue. Trading will start from DR site. The time of commencement of trading will be informed to market participants.”
The reference to “DR site” indicates that the exchange plans to operate from its Disaster Recovery (DR) site, a backup system designed to restore trading functions in case of disruptions at the primary data centre.
Such sites are a standard part of market infrastructure to ensure business continuity.
MCX had earlier postponed the market opening multiple times — from its usual 9 am to 9:30 am, then 10 am, and later 10:30 am — before removing the specified time altogether. While the exchange has not disclosed the nature of the glitch, it has assured that updates will be shared with market participants.
The Multi Commodity Exchange, headquartered in Mumbai, is India’s largest commodity derivatives platform. It enables futures and options trading in gold, silver, crude oil, and base metals, operating under the supervision of the Securities and Exchange Board of India (SEBI).
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