Top 10 Stock Exchange Snags Since 2010
It is the second time that the NSE has had a technical glitch, in the last seven years.
The National Stock Exchange was forced to halt trading for three hours on Monday, after a technical glitch stopped rates from being updated on the exchange. The country's largest stock exchange said it has set up a committee consisting of both internal and external technical experts to look into the issue. This is not the first time though, that a stock exchange has been forced to halt trading due to such a snag.
Here's a list of nine other stock exchange glitches that forced trading to stop, starting with Indonesia, coincidentally on the same day.
Indonesia Stock Exchange: July 10, 2017
Trading was halted for less than 30 minutes from 9:34 a.m. after a technical snag hit its market information distribution system.
New York Stock Exchange: On July 9, 2015
The New York Stock Exchange was shut for four hours starting around 11:30 a.m., eastern standard time. The NYSE had to suspend trading due to a technical issue following a software update. The exchange restarted operations at 3:10 p.m.
Singapore Stock Exchange: On December 2, 2014
Trading was delayed for three hours due to a software glitch.
Bombay Stock Exchange: July 11, 2014
A technical snag disrupted trading on the BSE for a few minutes. The issue was resolved soon.
Bombay Stock Exchange: July 3, 2014
Seven days earlier, the country's second-largest exchange in terms of volumes was forced to stop trading for three hours due to a network outage.
Nasdaq: August 22, 2013
The American bourse was down for more than three hours due to a technical glitch.
National Stock Exchange: October 5, 2012
A flurry of erroneous orders placed by Emkay Global Financial Services triggered a sudden drop of more than 900 points on the Nifty. The trades were worth more than Rs 650 crore.
Nasdaq: May 18, 2012
Facebook Inc.'s initial public offering, the second-biggest in U.S., was marred by technical glitches. There was a "design flaw" in the software that had been missed during testing.
Dow Jones: May 6, 2010
A "flash crash" saw the Dow Jones drop nearly 1,000 points in a matter of minutes. A report from the U.S. Stock Exchange Commission and the Commodity Futures Trading Commission indicated that a single trading house attempted to sell $4.5 billion worth of S&P 500 futures.