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BSE cancels 1,354 trades due to glitch

BSE cancels 1,354 trades due to glitch

The trades were annulled to ensure fairness and transparency in the price discovery mechanism, BSE said in a statement here, adding that all pending orders entered during the pre-open session in the exchange system were also cancelled.

The Bombay Stock Exchange today annulled 1,354 trades executed in the pre-open session on Friday, following a technical glitch in the trading system.

The trades were annulled to ensure fairness and transparency in the price discovery mechanism, BSE said in a statement here, adding that all pending orders entered during the pre-open session in the exchange system were also cancelled.

The BSE announced the annulment of trades by way of a ticker message on all its trading terminals and also sent a notice to all market participants, it said.


Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Jul 15, 2011, 5:53 PM IST
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