Freak Trade

Traders flag abrupt movement in Sensex 86400 call option premium on expiry day

A sudden spike in the Sensex 86400 call option premium on monthly expiry day sparked trader concerns over volatility, glitches, and potential manipulation.

Freak trade in Nifty futures at 5996; fat finger likely

If we see the intraday chart of the Nifty, all of a sudden we have seen the Nifty zooming past its important resistance mark. It looks like a fat finger error instead of 5,896, the quote has been 5,996.

Sebi mulls annulment policy for freak trades

Sebi is looking to frame a 'trade annulment policy', which would look at safeguarding the broader market interests from the freak orders executed erroneously

Tata Motors, UltraTech crash 10% on Religare Tech glitch

A sell order resulting from a software error at Religare Capital Markets caused shares of Tata Motors and UltraTech Cement to crash by 10% each for a few seconds during the last hour of trade on NSE on Friday.

NSE to enable Emkay's terminal today

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.

Pre-set rules for freak trades will be welcome: FinSec Law

Sandeep Parekh of FinSec Law Advisors is unsure why the circuit filters were not triggered at 10 percent levels and started only at 15.5 percent. As several unintended consequences are associated with these trades, Parekh believes, "Pre-set rules on this would be a welcome step and hopefully, SEBI will push for this and not just the exchanges."

Erroneous orders from broker led to freak trade: NSE

Ravi Varanasi, Senior VP of NSE clarifies that it was not due to any technical glitch. Erroneous orders placed by the broker had resulted in the problem. He further informed that the NSE has disabled the member and the rest of the system has functioned normally.

NSE closes all Emkay position, member disabled

NSE has disabled the terminal of Emkay and all positions have also been closed, reports CNBC-TV18. This is primarily done as because of the shortfall of funds due to freak trade. It needs to be seen further from now that whether Emkay will be able to fulfill all the fund requirements before its membership can be enabled again.