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BRIEF-India's NSE refers technical glitch to Standing Committee on Technology
July 10, 2017 / 10:11 AM / 3 months ago

BRIEF-India's NSE refers technical glitch to Standing Committee on Technology

July 10 (Reuters) - National Stock Exchange :

* India’s NSE says NSE cash market segment did not function normally due to technical problem at the opening today and accordingly was closed - statement

* India’s NSE says subsequently after giving notice to the market, the F & O segment was also closed

* India’s NSE says matter has been referred to standing committee on technology for review of the problem - statement‍​

* India’s NSE says 2 attempts to reopen market not fully successful;third attempt market opened at 12.30 PM in cash and F & O segments, after pre-open period - statement

* India’s NSE says the currency derivative segment was functioning normally

* India’s NSE says “nse deeply apologises for the glitch” - statement Source text - (NSE cash market segment did not function normally due to technical problem at the opening today and accordingly was closed. F & O and CDS market segments opened normally. Subsequently after giving notice to the market, the F & O segment was also closed. Two attempts to reopen the market were not fully successful and finally at the third attempt the market was opened at 12.30 pm in the cash and F & O segments, after the pre-open period. The currency derivative segment was functioning normally. NSE deeply apologises for the glitch. The matter is being examined by the internal technical team and external vendors, to analyse and identify the cause which led to the issue and to suggest solutions to prevent recurrence. The matter has been referred to the Standing Committee on Technology, comprising of public interest directors and technology experts for review of the problem and to approve measures to prevent recurrence of such glitches.)

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