Friction #16: Glitch-prone NSE is a repeat offender

Technical glitches that bring stock exchanges to a grinding halt are supposed to be rare, once in a blue moon events. Right? 

Not if you take into account the frequency with which they have been happening in the recent past at the National Stock Exchange—India’s largest in terms of total and average daily turnover of shares. 

NSE has witnessed two major glitches and seven smaller ones in the last four years. This has led to questions being raised about its technical solidity as an institution. Yet, strangely, not once has the exchange mustered up the courage to disclose the loss …

Author

Jayshree P. Upadhyay

Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.

jayshree@mailtmc.com