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creativecommons.org
Trading on MCX restarted more than four hours later than usual once the exchange successfully switched to its backup emergency systems. According to a statement from MCX, all trading systems are now functioning normally.
The exchange has begun an investigation into the cause of the disruption. The statement mentioned that they aim to identify the root cause of the incident and make the required improvements.
This marks the second significant system failure at MCX in the last four months, as noted by Bloomberg. In July, trading was delayed for over an hour due to issues with database processing.
MCX, which serves as the main platform for trading commodity futures in India, has faced technical challenges before. In 2023, the exchange moved to a new platform developed by Tata Consultancy Services.
source: bloomberg.com
The exchange has begun an investigation into the cause of the disruption. The statement mentioned that they aim to identify the root cause of the incident and make the required improvements.
This marks the second significant system failure at MCX in the last four months, as noted by Bloomberg. In July, trading was delayed for over an hour due to issues with database processing.
MCX, which serves as the main platform for trading commodity futures in India, has faced technical challenges before. In 2023, the exchange moved to a new platform developed by Tata Consultancy Services.
source: bloomberg.com
