Commodity Trading Time Delayed to 11 am Due to MCX Technical Glitch

The Multi Commodity Exchange (MCX) has announced a further delay in the opening time of commodity markets to 11 am due to technical glitches. This decision has been communicated through a circular by the exchange, urging members to take note of the revised trading hours. The exchange’s team is working on resolving the issue, which has caused inconvenience for traders and investors.

According to the circular issued by MCX, the trading hours for the commodity derivatives segment for February 13, 2024, have been revised from 9:00 am to 11:00 am. This comes after an earlier announcement that the trading would begin at 10 am. The delay has been attributed to technical glitches, and the exchange is actively working to rectify the issue.

This delay in the opening time of commodity markets has raised concerns among traders and investors who rely on timely updates and transactions in the commodity trading sector. The uncertainty surrounding the technical glitches and the subsequent delay has led to disruptions in trading activities.

The MCX’s decision to delay the opening time of commodity markets underscores the impact of technical issues on financial markets and the need for swift resolution. As the exchange’s team continues to work towards resolving the issue, traders and investors are advised to stay updated on the latest developments in commodity trading.

This is a developing story, and further details regarding the technical glitches and the subsequent delay in commodity trading are expected to emerge as the situation unfolds. As traders and investors await a resolution, the impact of this delay on commodity trading activities is being closely monitored.