Emkay meets fin obligations to NSE after trading mistakes

Emkay Global Financial Services Ltd has met all of its financial obligations to the National Stock Exchange, arising from a set of erroneous trades that jolted domestic markets last week, an official at the brokerage said on Tuesday.

October 09, 2012 / 21:14 IST

26 Aug, 2025 12:21

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Emkay Global Financial Services has met all of its financial obligations to the National Stock Exchange, arising from a set of erroneous trades that jolted domestic markets last week, an official at the brokerage said on Tuesday.

"We had given the money yesterday itself. The payout pertaining to the erroneous trade has happened today," said Krishna Kumar Karwa, managing director at Emkay Global Financial Services.

The settlement of obligations was also confirmed by a spokeswoman at India's largest exchange.

A mistake by a dealer at Emkay in executing a trade involving the NSE index sparked a fall of more than 900 points on Friday, leading to a trading halt for 15 minutes.

first published: Oct 9, 2012 07:18 pm

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