NSE Trading Halt: SEBI Asks Why Trading Was Not Migrated to Disaster Recovery Site
Moneylife Digital Team 24 February 2021
Market regulator Securities Exchange Board of India (SEBI) has asked National Stock Exchange (NSE) to explain reasons for not migrating trading to its disaster recovery site. It has also asked for a report from NSE on Wednesday's trading halt at the earliest.
 
In a release, SEBI says it was in constant touch with NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants updated with the evolving developments.
 
NSE had informed that trading was halted at 11.40am due to 'issues with the links with telecom service providers'. There was an issue with live ticks for NSE indices like Nifty 50, Nifty Bank, and others across brokers.
 
"The trading halt continued till 3.30pm. In view of the exceptional situation arising out of the trading halt, it was decided to extend the trading hours to 5pm from 3.30pm at NSE, BSE and Metropolitan Stock Exchange of India Ltd (MSE)," SEBI says.
 
 
Trading on the NSE was stalled during the intra-day session due to a technical glitch. Accordingly, the technical glitch impacted intra-day trading on futures and cash segments.
 
The glitch occurred as rates on NSE stopped updating at 10.08am which led to closure of the futures & options (F&O) segment by 11.40am and cash market by 11.43am.
 
Comments
tillan2k
4 years ago
Simple Watson simple some deep rooted conspiracy with complicity of NSE to favor some money bags subsequent deal would show if made public
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