Trading halt was a black swan event, says NSE Chairman Ashok Chawla


New Delhi: On Tuesday NSE chairman Ashok Chawla, in a letter to the staff of the exchange, termed the trading halt on Monday as a “black swan event”.

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Chairman has also conveyed that, yesterday’s technical fault is one more straw on the camel’s back.¬†Exchanging was ended for three hours at the nation’s biggest stock exchange because of a software glitch.

The letter mentions NSE’s difficulties on the authoritative front, stress over the heritage innovation issues, re-invigorating of relations with partners over the range from the controller to investors. He stated that “The year FY 20162017 has been a time of numerous highs and lows for every one of us at the National Stock Exchange.

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We have done well monetarily and proceeded with our hearty market nearness. Today I am writing to pass on that we are probably going through troublesome circumstances however that we might overcome.”