Technical Glitch at BSE
Following a technical glitch in the trading system at the exchange on the morning of July 15, BSE Ltd. announced annulment of certain trades and orders. As per a notice issued to the market at 12.30 PM, BSE announced the annulment of 1354 trades executed during the pre-open session in securities. Further, all pending orders entered during the pre-open session in the exchange system were canceled.
In order to ensure fairness and transparency in the price discovery mechanism, BSE announced the aforementioned measures taken, by way of a ticker message on all its trading terminals and a notice (No. 20110715-4) issued to all market participants.