Brokerage firm Zerodha on Wednesday, 6 May, flagged an intermittent technical issue at the Multi Commodity Exchange of India (MCX), impacting order execution across brokers.
In a client communication on social media platform X (formerly Twitter), the discount broking platform said some orders may get rejected or experience delays in status updates due to the glitch.
“There is an intermittent issue at the exchange (MCX) across brokers, due to which some orders may get rejected or order status updates may be delayed,” it said. Zerodha advised traders in the commodities segment to exercise caution until the issue is resolved.
Zerodha further informed that it was in touch with the commodity exchange to resolve issues at the earliest.
Meanwhile, MCX did not offer any information on its website or social media platforms as yet on the reason behind this issue or the expected time for the resolution.
Several users also reported the issue on X, citing problems such as failed order placements, delayed confirmations, and mismatched order statuses. Similar complaints were noted across other brokerages, including Angel One.
Zerodha says issue resolved
Meanwhile, the issue seemed to be resolved as of 5.30 pm, according to another update by Zerodha.
Zerodha on X said, “The intermittent issue at MCX appears to have stabilised. Orders and status updates should be reflecting normally. MCX continues to monitor the situation closely. As always, please trade with caution.”
However, users continued to face glitches. A user by the handle @s_sunju89 said that his sell orders were still getting rejected.
MCX is a leading commodity exchange in India, with futures average daily turnover (ADT) of ₹84,472 crore in Q3FY26, up 202% YoY and 102% QoQ. The options premium ADT surged 100% YoY, 73% QoQ to ₹ 7104 crore, driven largely by higher activity in bullion.
Domestic brokerage ICICI Direct expects MCX’s revenue/EBITDA/PAT CAGR of 44%/52%/50% over FY25-28E. It values MCX at 40x FY28E EPS to arrive at a target price of ₹2,980. It has a ‘Buy’ rating on the counter.
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