Options trading glitch

Please forward this error screen to sharedip-1071800229. Sources told CNBC-TV18 options trading glitch NSE cash quotes not updating, while future rates are still working fine.

It was a bizarre situation faced by clients which actually affected not just arbitrageurs but across the vertical. The problem actually got worse when there was no clear statement, guidance from NSE about the same. NSE did clarify but it was way too late around 10 AM,” Mustafa Nadeem, CEO, Epic Research said. He further said secondly arbitrageurs who creates a multiple positions on various exchanges which has affected them largely.

Not just that, traders, speculators, and investors where affected since a lot of orders were punched in from pre-opening sessions to post that when there were a lot of short sell orders as well. With that it was basically retail clients which were affected and certainly with lack of clarifications it got worse, he feels. CNBC-TV18 that all issues have been resolved. He also said that trade executed during the first three hours will not be cancelled.

The NSE Nifty closed above 9,700 level for the first time, up 105. 05 after three hours of normal trading. O segments for first three hours due to software issues. Equity benchmarks rallied further, with the Nifty inching towards 9,800 level, up 109. Meanwhile, the 30-share BSE Sensex was up 373. The 50-share NSE Nifty was up 72.