Sebi readying stock crash protection measures

The Securities and Exchange Board of India (SEBI) will soon announce measures to protect investors against stock crashes after a set of erroneous orders from Emkay Global sent shares tumbling last month, Sebi chairman UK Sinha said on Friday.

SEBI has been working on measures after misplaced orders worth more than $125 milion sent the broader NSE index falling as much as 15.5 per cent in October, before trading was halted for around 15 minutes.

"We are going to take some measures so that there is some pre-check in orders, pricing and there are some other checks also introduced," as the market regulator looks to avoid similar incidents, Sinha said.

Sinha did not give further specifics or say when the measures would be introduced.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amidst Sino-Indian bonhomie, the Tibet issue cannot be wished away

    Tibet did not figure in the three-day high-level meetings between India and the People’s Republic of China (PRC).

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture