The National Stock Exchange will enable trading terminal of Emkay Global Financial Services today, reports CNBC-TV18. NSE has said that the disciplinary action committee has found no mala fide intention by the brokerage house.
Emkay has also met all its financial obligations to the NSE. Earlier on October 5, a dealer of the firm had mistakenly punched in a sell order for Nifty shares. The brokerage ended up selling Rs 650 crore of Nifty shares and pulling the NSE by nearly 900 points in the morning. Trade was halted on the exchange for about 15 minutes as market regulator Sebi also began initial probe into the 'flash crash' of NSE index Nifty
By noon, NSE had disabled the terminal of Emkay and all positions had also been closed. Brokerage house Emkay Global has suffered a loss of Rs 51 crore because of the faulty trades executed by one of its dealers on Friday.
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