The Multi Commodity Exchange Clearing Corporation Limited (MCX), on January 09, 2026, notified regarding the review of the framework to address the ‘Technical Glitches’ in Stock Brokers’ Electronic Trading Systems.
The following has been stated namely: -
• SEBI circular and as advised by SEBI, Stock Exchanges have jointly framed detailed guidelines on – definition of Technical Glitch, applicability of framework, Capacity Planning, Software Testing & Change Management, Business Continuity Planning (BCP) & Disaster Recovery Site (DRS) and Monitoring Mechanism which is mentioned as Annexure – 1.
• Further, the revised financial disincentives structure for technical glitch incidents at Stock Brokers/Trading Member’s electronic trading system is mentioned as Annexure A. The reporting formats of preliminary incident report and Root Cause Analysis (RCA) is mentioned as Annexure B & C respectively.
• The provisions of the circular will come into immediate effect from January 09, 2026.
[Circular No.: MCX/TECH/015/2026]
