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Financial Technologies' clarifies on NSEL's trade halting notice

Mr. Jignesh Shah - CMD of Financial Technologies (FTIL) said that, National Spot Exchange (NSEL) has taken a decision to suspend the trading on one day forward contracts other than e-series, temporarily. In this context, FTIL states that this action of NSEL does not entail any financial liability on FTIL and that the business of FTIL is as usual.

August 01, 2013 / 03:09 PM IST
 
 
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Financial Technologies (India) Ltd has informed BSE that:"Further to our today’s communication on the press note issued by National Spot Exchange Limited (NSEL), please be informed that the following statement is issued by the Chairman & the Managing Director of the Company.Mr. Jignesh Shah - Chairman & Managing Director of Financial Technologies (India) Limited (FTIL) said that "National Spot Exchange Limited has taken a decision to suspend the trading on one day forward contracts other than e-series, temporarily.In this context, FTIL states that this action of NSEL does not entail any financial liability on FTIL and that the business of FTIL is as usual.We are confident that NSEL will resolve the situation within the contours of its Bye-laws and Rules."Source : BSE

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first published: Aug 1, 2013 03:09 pm

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