Zerodha faces wave of investors due to technical issue on trading platform



Zerodha online brokerage users experienced difficulty trading on Wednesday due to a technical issue on its trading platform.

The brokerage has faced the wrath of clients on the microblogging site Twitter, as they complained about the price and trading freeze on its platform during trading hours.

“Zerodha down, the price is not updated,” one user tweeted.

Another user said: “Zerodha is not performing at the height of trading. Prices are frozen.”

“Because of Zerodha, I suffered a loss of Rs 80,000 in ONGC. The Zerodha application was blocked. I sold my stake for the intraday and the stock goes like a wild horse from 65 to 82 in 5 minutes and went down to 62. I was trying to get out of my position but thanks to Zerodha my stock was sold. Buy price 148 “, tweeted one user.

On October 18, investors in several brokerage houses, including Zerodha and Paytm Money, encountered possible difficulties selling shares due to an “issue” with Central Depository Services India Limited (CDSL).

Founded in 2010, Zerodha Broking is a financial services firm providing retail and institutional brokerage services, currency and commodity trading, mutual funds and bonds.

Over 7.5 million customers place millions of orders every day through its platform, contributing over 15% of all Indian retail volumes.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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