The Bombay Stock Exchange finally resumed trading on its BOLT system after halting the trade for over two and a half hours till 2.30pm
The Bombay Stock Exchange (BSE) has finally resumed trading on its BSE On-line Trading (BOLT) system after halting the trade for over two and a half hours till 2.30pm.
In a release, BSE said it halted trading temporarily for ten minutes between 10.45am to 10.55am; however, the problems persisted forcing the exchange to halt trading for one hour. It said, CMC engineers who solved the technical problem since 9.15am finally resolved the issue at about 1.20pm. However, in order to provide traders sufficient time for log in and download their orders and trade positions, it was decided to resume trading at 2.30pm.
BSE said all pending orders in the BOLT system at 12.00 noon when the market was halted, were not used for matching and were returned to -members keeping in mind the intra-day volatility.
BSE uses an automated system BOLT developed by CMC to facilitate smooth transactions. At present BOLT is capable of handling about 25 lakh trades and more than 1.8 crore orders per day.
Earlier on 22 January 2008 there was a stoppage in trading at BSE due to technical issues was in its Derivatives segment.