TRADING OUTAGE
How a small crack in a pipeline gave a big jolt to Europe’s gas market
Repair efforts are ongoing for a pipeline on a Norwegian gas platform, highlighting the potential for even minor outages to impact European prices. The Sleipner platform, crucial to Europe’s gas network, faces repairs for a small pipeline crack. The incident underscores Norway’s significant role in European energy security.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
Powering ahead: How India made big electricity blackouts a thing of the past
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.
Sebi puts in place SOP for handling of commodity exchange outage, extension of trading hours
Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions.
Apple supplier Foxconn among firms asked to cut power use in Vietnam
The request for energy-saving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary and aimed at averting a repeat of last summer when power shortage led to over a billion dollars in lost output.
Is the stock market closed for Mumbai elections, today?
Stock Market Holiday:Equity markets will be closed for Mumbai elections. Special trading session on March 2, 2024. Nifty 50 and BSE Sensex performance. Top gainers and losers. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the evening session. Apart from Mumbai Elections (May 20), in 2024, the markets will be shut for Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).
- Go To Page 1
If you encounter a technical glitch on your stock broking platform, here’s what you should do
A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of demat accounts to 13.93 crore. The trading volume on stock exchanges has increased over tenfold since 2019-20. However, brokers are finding it tough to handle this frenetic activity. In recent months, users of several broking platforms have been crying foul after facing recurring outages and disruption in services.
Coinbase says it's investigating issue on accounts showing zero balance
The outage comes after bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new US spot bitcoin exchange-traded products fuelled a price rally in February.
Crypto Price Today: Bitcoin down 0.24% amid stiff resistance at $53,000. Here's how Solana, BNB & others traded
Bitcoin is experiencing consolidation over the last few weeks and has been trading in the range of $50,000-$53000 after rallying by nearly 36% since the start of 2024, Shivam Thakral, CEO of BuyUcoin said, adding that Bitcoin has failed to breach the $53,000 resistance.
London Stock Exchange Group platforms suffer brief outages
Various London Stock Exchange Group (LSEG) news and currency trading platforms around the world suffered brief outages as European markets opened on Thursday.
India's LSEG interbank forex trading platform down - traders
The rupee was last at 82.9200 to the U.S. dollar compared with 82.9700 in the previous session.
Investor risk reduction platform to safeguard positions during broker system outage: SEBI Buch
The investor risk reduction access platform, introduced by stock exchanges, will help protect the short-term trading positions, particularly of those investors who do it on a large scale, during instances of a major outage at their broker’s system.
LSE outage halts some trading; blue chips spared
"The quicker we can get some news on what caused the incident, the quicker the market will be able to move on," she said. "We may see a little bit of volatility at the open tomorrow."
Power outages in parts of UAE's Sharjah due to technical fault
Parts of Sharjah, a city neighboring Dubai in the United Arab Emirates, are experiencing power outages due to a technical fault at a gas plant. The Sharjah Government Media Bureau has confirmed that work is underway to address the issue. The outages were initially reported by the Dubai-based newspaper Khaleej Times, with residents posting about the situation on social media.
Google down funny memes and fun-filled memes go viral after Google services suffer outage in India
On a busy weekday, when Google services like Gmail, Workspace, and Meet experienced disruptions, workers from various organisations had a lighthearted time as they inundated social media with memes.
U.S. flights beginning to resume after FAA system outage
U.S. flights were slowly beginning to resume departures after Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that impacted thousands of flight.
New norms for bourses to address outages
The regulator defined stock exchange outage as stoppage of continuous trading, either suo moto by the exchange or due to reasons beyond the control of the bourse. However, stoppage of continuous trading would include trading halt on account of index-based market-wide circuit breaker. Sebi said the affected stock exchange should immediately inform various stakeholders about outage.
Stock exchanges must inform brokers within 15 minutes in case of an outage: Sebi
In the event of a disruption in trading due to an outage in one or more market segments of the stock exchange, the other unaffected segments of the exchange shall continue the trading and other operations.
Major oil pipeline outage to hit U.S. stockpiles, refinery supplies
The main question continues to be the duration of the potential outage... the longer the duration, ultimately, of course means potentially tighter inventories in Cushing or heavy (crude) on the Gulf Coast," said Michael Tran, a managing director at RBC Capital markets.
India’s anti-trust body fines Google Rs 936 crore in second penalty; WhatsApp faces longest outage
The Competition Commission of India is in no mood to play, and Google is finding that out the hard way. The anti-trust regulator has fined the Big Tech firm Rs 936 crore ($113 million) for the “anti-competitive policies” on its Play Store. This comes on the heels of the Rs 1,338 crore ($162 million) penalty it imposed on Google last week for abusing its dominance in multiple markets with its Android mobile operating system.
Bills pending, 13 states barred from power exchanges
This is the first time the Centre has taken recourse to this route on such a broad scale to ensure payment to power producers. Earlier, such restrictions were imposed on one or two defaulting states, and were removed quickly.
Power outage threat looms large as defaulting states barred from power exchange
Trading in the power exchanges was extended for two hours on Thursday upon request of various state governments. However, most of them could not participate in the day-ahead trade. Officials in some of these states said they are working with the power plants to pay the dues while a few are expected to move courts against the Centre's Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified in June.
Paytm outage: company says 'trying to fix the issue'
Many of the traders are even seeking compensation for the loss they suffered in the F&O (futures and options) due to the crash of Paytm Money during the market time.
World’s No. 2 clothes exporter faces order drop as power falters
Waning orders are a risk to the economy, where the garment industry makes up more than 10% of gross domestic product and employs 4.4 million people.
Robinhood agrees to settle customer lawsuit over 2020 outages
The lawsuit in San Francisco alleges Robinhood outages caused users to lose money when they could not trade. The users accused Robinhood of negligence, breach of contract, violating California's fair business laws and other claims.
Coinbase suffers major outage, Binance halts Terra Luna crypto trading
"We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro. Your funds are safe, and we are actively working on the issue. We'll provide an update here soon," said Coinbase.
Load More
