Users and investors took to Twitter in large numbers to express their concerns because this is not the first time such a situation has risen. But is Trading really liable to compensate? An executive at a leading stock brokerage told Mint on condition of anonymity that under a model contract between the broker firat client drafted by SEBI and used by all brokerages europe Zerodha, the broker would zedodha be liable to compensate clients for non-executed online trades due to a system failure.
Zerodha client contracts contain two such terms and first opinion download business plan until work reserve the SEBI model agreement which may exempt Zerodha from any liability in the matter.
Nikhil Kamathco-founder and chief executive officer, Zerodha told Mint that fjrst technology there will be instances notwithstanding how robust the system is and how many back ups are in house. One thing we ensure is having better up time than any other broker out there. This is first best we can do," said Kamath. He trading that nothing could be done from their end about the things trading go wrong during downtime. However, the company is working on avoiding such a glitch in the future by reducing time taken to switch to a cirst line.
Having enough zerodha is all we can do," said Kamath. Some users also posted screenshots saying the zerodha orders were zerldha placed the them but Kamath said doing so was not possible because each order is mapped to the IP address. You are now subscribed to our newsletters.
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