MCX Trading Halt: SEBI Probes the 28 October Outage
Why in the news
The market regulator has begun an inquiry into a long technical failure at the Multi Commodity Exchange.
Key facts
- Trading normally opens at 9 a.m. but resumed only at 1:25 p.m. on 28 October.
- Reason given: a reference data limit (including the Unique Client Code) went past its preset threshold.
- MCX says it has fixed the fault.
- If system deficiencies are found, monetary penalties can follow under SEBI’s norms for market infrastructure institutions.
About MCX
- India’s largest commodity derivatives exchange, founded 2003, based in Mumbai.
- Trades futures and options in metals, energy and farm products.
- Regulated by SEBI; offers transparent price discovery and risk management.
Exam angle
- Commodity exchange regulator: SEBI.
- Related term: Market Infrastructure Institution (MII).