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After asking National Stock Exchange (NSE) and NSE Clearing Ltd (NCL) to pay Rs72.64 crore to settle the February 2021 trading halt issue, Securities Exchange of Board of India (SEBI) allowed three more officials from NSE to go scot-free with punishment like attending training courses and offering pro-bono community service. ....
On February 24,2021, NSE halted trading in all its segments. The stock exchange informed that it has multiple telecom links with two service providers and that it received communication from both of them that there are issues with their links due to which there is an adverse impact on its system. ....
On June 20, Sebi issued a settlement order on the failure of systems at the NSE and NCL following a technical problem that caused trading to be stopped for a few hours in February 2021 ....
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. ....