Users of brokerage apps Angel One, 5Paisa and IIFL Securities faced disruptions while executing market orders on Friday.
What Happened: Glitches in the apps of Angel One, 5Paisa, and IIFL Securities led to difficulties in placing market orders, as per a Moneycontrol report.
IIFL Securities apprised its clients that the outage on cybersecurity platform Crowdstrike was the root cause of the problem. “There is a global issue with Crowdstrike Antivirus protection software which we have installed on our servers and endpoints which has caused systems and servers reboot issue and blue dump,” the company reportedly communicated to its clients.
See Also: Paytm’s Net Loss Soars To ₹839 Cr, Shares Recover As Street Expected Worse
5Paisa Capital also confirmed the issue on their platform, stating, “You might face rate refresh issues and order placement issue in our Mobile App and Web. Our technical team is working to resolve the same.”
The glitches coincided with a reversal in Indian shares after they hit record highs at the open on Friday, with broad-based profit booking outweighing the gains driven by heavyweight Infosys‘ results.
Indian discount brokerages have been plagued with technical glitches. Recently, Zerodha users were not able to execute the orders they had placed in the app and they were unable to withdraw the capital from the account.
Read Next: JSW Infrastructure Shares Plunge After Weak Earnings, Brokerages Divided
Engineered by Benzinga Neuro, Edited by Ananthu CU
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.