Zerodha faces connectivity issue, orders pile up

NEW DELHI: India’s leading retail brokerage Zerodha faced connectivity issue in Wednesday’s morning which led to piling up of orders in the system.

As per media reports, Zerodha’s co-founder Nikhil Kamath said that the system had connectivity issue in the morning which caused a temporary piling up of orders.

He assured that the issue would be resolved soon and the orders will be cleared promptly.

Zerodha is a technology-centric stock broking company founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. It is India’s first discount brokerage, widely credited for bringing in a disruptive force in Indian broking industry.

In 2018, Zerodha outpaced other big brokerage names in terms of client numbers. Zerodha had 8.47 lakh active clients as of December 2018 end compared with ICICI Securities’ 8.45 lakh customers, HDFC Securities (6.74 lakh), Sharekhan (5.49 lakh), Axis Securities (4.17 lakh) and Angel Broking (4.16 lakh), according to NSE data.


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