Published by Global Banking & Finance Review®
Posted on February 9, 2026
2 min readLast updated: February 9, 2026
Add as preferred source on GoogleLSEG's FX trading platform in India is facing technical issues, affecting trade execution on the spot dollar/rupee platform, according to traders.
MUMBAI, Feb 9 (Reuters) - The Indian foreign exchange trading system of financial technology and data provider LSEG has resumed functioning, four traders said on Monday, following technical glitches in early trade.
The matter was resolved around 11:30 a.m. after traders had flagged issues with execution of trades on the interbank order matching system more than two hours earlier, curbing ability to transact on the spot dollar/rupee trading platform.
LSEG did not immediately respond to a Reuters email seeking comment. The traders sought anonymity as they are not authorised to speak to the media.
LSEG is among a few entities besides banks authorised by the Reserve Bank of India to operate an electronic trading platform for transactions in the spot foreign exchange market.
While the technical issues hampered early trading activity for some banks, others were able to execute trades in thinner trading volumes.
The rupee was quoted at 90.4025 per dollar, up 0.3% on the day.
"Bid-offer spreads (on USD/INR) were relatively wider in early trading," said a trader at a Mumbai-based bank, referring to the impact of the technical issues.
Previous such outages have caused intermittent volatility in the currency but traders said the room for sharp swings was muted this time, as it was not close to key psychological levels.
(Reporting by Jaspreet Kalra and Dharamraj Dhutia; Editing by Muralikumar Anantharaman and Clarence Fernandez)
A trading platform is software that allows investors to buy and sell financial securities. It provides tools for market analysis, trade execution, and portfolio management.
Foreign exchange, often referred to as Forex, is the global marketplace for trading national currencies against one another. It is the largest financial market in the world.
Market volatility refers to the rate at which the price of a security increases or decreases for a given set of returns. It is often associated with the level of risk in the market.
Explore more articles in the Finance category
