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PAUL Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region (HKSAR), met Shenzhen Mayor Qin Weizhong during his visit to Shenzhen, South China's Guangdong province, on Monday, with both sides pledging to further tap into the potential of two-way cooperation in financial, economic and trade sectors, as well as scientific innovation.
National Stock Exchange (NSE) and NSE Clearing Ltd (NCL) paid Rs72.64 crore to settle the February 2021 trading halt issue with the Securities Exchange of Board of India (SEBI). On 24 February 2021, NSE had to suspend trading for nearly four hours after a technical glitch affected the links from the telecom service providers. The glitch occurred as rates on NSE stopped updating at 10.08am, which led to the closure of the futures & options (F&O) segment by 11.40am and the cash market by 11.43am. It affected the online risk management system, due to which market functioning had to be halted.
As part of the settlement, the NSE Clearing has also paid Rs. 22.88 crore. The 2021 trading glitch resulted in heavy losses for the broking community due to panic selling. The technical glitch was due to issues with two telecom service providers, and the bourse has multiple telecom links to ensure redundancy.
business bureauthe national stock exchange (nse) on wednesday came out with a framework for taking immediate actions against trading members in case of misuse of client funds by them. in the recent past, the exchange has observed instanc
In the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision.