Failure of risk management system forced the shutdown: NSE

Failure of risk management system forced the shutdown: NSE
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Last Updated: Feb 25, 2021, 10:14 AM IST
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Sebi was forced to extend the trading timings on Wednesday to take care of traders' open positions.
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NEW DELHI: NSE, which suffered a major technical glitch that led to unwarranted losses for many traders, on Thursday said the system had to be shut down due to the failure of its online risk management system.
The exchange had to shut down its whole system on Wednesday, resulting in confusion and chaos on Dalal Street. Market regulator Sebi was forced to extend the trading timings for the day to take care of traders' open positions.

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