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Traders left in the lurch as tech glitch strikes NSE again

Mumbai: Many traders and brokers were left high and dry on Thursday as the National Stock Exchange (NSE) Bank Nifty option prices were not accurately reflected on the terminals linked to the exchange.

Several traders took to social media to voice their concerns.

"Technical issues with bank nifty options feed," said one user with handle @AshishZBiz ID said on Twitter.

"Call premium rising with falling prices, but the premium on highest point when Bank Nifty rallying. 100 points difference in buying and selling in options. Total mess today. @NSEIndia  should provide a statement. #Sebi", one user with the handle @Tquantums tweeted.

Traders left in the lurch as tech glitch strikes NSE again

"A few members have reached out to us, and we are examining it," NSE said in a statement on the technological glitch surrounding Nifty Bank's options.

"Most of the options seem to be good, be it Nifty or stock futures. The problem lies only with Bank Nifty, wherein the prices are not seeming right. The good thing is that the exchange has set execution ranges. So if you were to place an order far away from what the price should be, it will get rejected anyway," Nikhil Kamath, co-founder, and CIO of discount broking firm Zerodha told ET NOW.

"We are still not clear on why this is happening. As I speak, it seems that it has been resolved and prices are coming back to where they should be," he added.

Technical glitches have also affected operations on the country's largest stock exchange earlier, and the market regulator has imposed a penalty on NSE for the same.

Source: The Economic Times

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