Tag: asian markets

NSE warns brokers against doubtful trading after the loss of ‘Fat Finger’

The National Stock Exchange of India Ltd. has given a fair warning to the stock mediators on carrying out an order which seems to be disingenuous and can lead to divergence in the normal price discovery of the process. The biggest stock exchange in India raised the alarm after seeing a 'fat finger' deal suffering from a loss of Rs 200-250 crores on June 02, 2022. This heavy loss was suffered by a stockbroker firm. As per reports, this seems to be the largest loss faced by the brokers market till date. According to market jargon, this trade resulted in a wrong action due to pressing an incorrect key. Source: The ...

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