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Technical glitch on NDS-OM holds up trade in govt bonds for over one hour

According to bond traders, the RBI's NDS-OM platform suffered technical issues between 9:05 am and 10:08 am IST, which led to trade almost coming to a halt during that period

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Bhaskar Dutta Mumbai
A technical glitch in the Clearing Corporation of India (CCIL) caused volumes in the country's government bond market to dry up in the initial hours of business on Wednesday.

According to bond traders, the Reserve Bank of India's Negotiated Dealing System-Order Matching (NDS-OM) platform suffered technical issues between 9:05 am and 10:08 am IST, which led to trade almost coming to a halt during that period. The CCIL manages the NDS-OM platform.

"There was a technical issue on NDS-OM. There were very few trades that occurred for about an hour right after the market opened (at 9:00 am)," Naveen Singh,

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First Published: Nov 23 2022 | 1:00 PM IST

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