NSE said there was issue with order inflow, which is now resolved, but there are still some problems in order confirmation. Dealers do not confirm this

The trading on National Stock Exchange seems to be facing critical technical issues. According to brokers, they are unable to do any trading in  futures. Trading in all futures products such as Nifty, Bank Nifty, CNX IT, newly-launched FTSE etc are frozen since 1.36pm. Traders are unable to place execution orders in NSE F&O segment.

Apparently, there was some hint of trading resuming at 2.12 but this has not happened. According to traders, they are still not getting any confirmation for their orders. In addition, there is a big gap between buying and selling. In fact, it is showing reverse figures, the traders said. The quote that is shown on NSE shows the best seller at 4875 while the best buyer is at 4893.60. 

At around 3.10pm, the markets have started to move upwards. However, due to the problems in the system, the Nifty shorts are trapped and may suffer losses.

According to NSE, the order inflow was not coming through and therefor there were no entries. But the issue has been resolved. The traders can place orders. However, there is an issue with the confirmation, which they are trying to resolve at the earliest, said Divya Malik Lahiri, spokesperson, NSE over phone.

In a press release issued in the evening, NSE said, "An erroneous order cancellation request was received by the trading system today ,which disrupted the execution process. Concurrently, there was a malfunction in the network layer. These led to the interruptions in the derivative trading system today."

"It was therefore required to start the process on the contingency machine for the market to function in an orderly manner. The contingency machine was pressed into service in a short span of time and matching continued," the bourse added.

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