MUMBAI: The Securities and Exchange Board of India today in a statement said that it will take all necessary measures to rectify the underlying causes for the four-hour long trading halt on the National Stock Exchange on Wednesday caused by a technical glitch.
The capital market regulator said that it will also address any institutional deficiencies that may have been behind the outage at NSE, which caused immense problems for market intermediaries and participants.
Sebi said that it has already asked the stock exchange to undertake a detailed analysis of the root-cause for the technical glitch, which NSE claimed was caused by “issues with the links with telecom service providers”.
As per a statement released by the regulator on February 25, that it will also address any institutional deficiencies that may have been behind the outage at NSE
“Sebi was in constant touch with the NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants updated with the evolving developments,” Sebi said in a media statement.