The Multi Commodity Exchange of India (MCX) is set to hold a board meeting on Wednesday night around 9 PM, following Tuesday’s major trading disruption that left the country’s largest commodity exchange non-operational for nearly four and a half hours, according to sources.
People familiar with the matter said the meeting will primarily focus on identifying the technical issues that led to the outage and strengthening the exchange’s disaster recovery (DR) framework to avoid similar disruptions in the future.
Trading on MCX was halted for nearly 4.5 hours on Tuesday morning due to a system failure, with market opening getting delayed multiple times before operations finally resumed from its backup site. The outage disrupted trading across all major commodities, including gold and silver, and caused significant inconvenience for brokers and traders.
Sources added that MCX’s management will brief the board on the cause of the failure, the effectiveness of its contingency plan, and steps being taken to enhance system reliability. “The board is expected to seek detailed accountability and preventive measures,” one source told Zee Business.
Meanwhile, the Commodity Participants Association of India (CPAI) — the largest representative body of commodity brokers — is scheduled to meet MCX officials on Friday, sources said. The meeting will likely address brokers’ concerns about recurring technical glitches and communication lapses during trading disruptions.
The latest incident adds to a series of system-related interruptions that have raised questions about the robustness of MCX’s trading infrastructure. During Tuesday’s glitch, major brokerages such as Zerodha had issued alerts to clients about the delay in commodity trading.
Recurring technical issues at MCX
This was not the first instance of the commodity exchange experiencing operational disruptions. MCX had faced a similar technical glitch in July 2025, which delayed the start of trading by over an hour. The exchange had issued multiple notices before finally commencing operations around 10:17 AM.
Earlier, in February 2024, a major system outage led to a four-hour suspension in trading, reportedly linked to its migration to a new trading platform.
Such recurring issues have raised concerns among traders and brokers, who have urged MCX to strengthen its technology infrastructure and improve system reliability.
