HDFC Sec says tech glitch resolved, probe on to find root cause; mkt operations normal

No one has reported any problems in trading at bseindia today or last week any day, BSE CEO Ashish Chauhan said in a tweet later.In its statement, HDFC Securities said there was a technical glitch due to which confirmations for orders placed in the NSE cash segment were not received and that the issue has been resolved.It also added that the matter is being investigated to find out the root cause.On the morning of March 1, 2021, we suffered a technical glitch where the confirmations for orders placed in the NSE cash segment were not received.

PTI | New Delhi | Updated: 01-03-2021 13:26 IST | Created: 01-03-2021 12:39 IST
HDFC Sec says tech glitch resolved, probe on to find root cause; mkt operations normal
Representative Image Image Credit: ANI

Leading stock exchanges NSE and BSE on Monday said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in the NSE cash segment due to a ''technical glitch''.

After mentioning the technical glitch in a tweet at 10.01 am, HDFC Securities, at around 11.53 am, issued a statement saying the issue ''got resolved at 9.50 am'' and that investigation is going on to find out the root cause.

The episode, which happened less than one hour after markets opened for trading, comes within days of a technical glitch forcing NSE (National Stock Exchange) to halt trading for nearly four hours on Thursday.

In a statement, an NSE spokesperson said that all the operations on its platforms were ''functioning smooth and normal''.

A little past 10.10 am, BSE tweeted that there was no issue on fresh orders or square-offs at the exchange.

''... all segments working fine statement was given in response to brokers and investors reporting the problem on Twitter on a competing exchange today morning. No one has reported any problems in trading at @bseindia today or last week any day,'' BSE CEO Ashish Chauhan said in a tweet later.

In its statement, HDFC Securities said there was a technical glitch due to which confirmations for orders placed in the NSE cash segment were not received and that the issue has been resolved.

It also added that the matter is being investigated to find out the root cause.

''On the morning of March 1, 2021, we suffered a technical glitch where the confirmations for orders placed in the NSE cash segment were not received. However, all our other segments and our digital platforms were working fine. The issue got resolved at 9.50 am today. We are investigating the issue and trying to identify the root cause,'' the statement said.

At 10.01 am, HDFC Securities tweeted saying that it has ''blocked trading in NSE cash due to a technical glitch. We request our customers to place cash orders on BSE. All other segments are working fine''.

Within 15 minutes of the first tweet, the brokerage firm tweeted to say, ''you can place orders through NSE cash segment now''.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

World Water Day sees crises of inequality in countries both rich and poor

... ...

Privacy and data protection: Reviewing notable policy frameworks

The evolved privacy principles and the resulting legislation across the world primarily aim to force the data collector to define the purpose for which the data is being collected along with the need to obtain explicit consent for the said ...

Videos

Latest News

NFL-Former Chiefs assistant coach Britt Reid charged with felony DWI

Former Kansas City Chiefs assistant coach Britt Reid was charged on Monday with driving while intoxicated during a February crash near Arrowhead Stadium that left a 5-year-old girl severely injured, the prosecutors office in Jackson County,...

Socialists vs Fujimori: Peru vote sets stage for polarized presidential run-off

Peru is set for a divisive presidential run-off between the Andean countrys ascendant socialists, buoyed by voter discontent over the economy and pandemic, and the conservative heir of the powerful and polarizing Fujimori dynasty. The first...

'A big momma's boy': George Floyd's brother recalls childhood at Chauvin murder trial

George Floyd grew up obsessed with basketball and stood out even among his siblings for the way he adored his mother, his younger brother Philonise Floyd testified on Monday in the murder trial of former Minneapolis police officer Derek Cha...

Argentine penguins waddle back to sea after rehab on dry land

Twelve black-and-white Magellanic penguins have been returned to the chilly seas off the Atlantic coast of Argentina after they were rescued suffering from issues including malnutrition and anemia and nursed back to health.The boot-high pen...

Give Feedback