A broker may have lost a large number because the RS 200-250 Crore after the ‘fat finger’ trade is registered in the National Stock Exchange (NSE) derivative segment on Thursday. Mistakes in this trade can be one of the biggest in the history of the Indian stock market. NSE also warned the traders of the mistake after the news was revealed.

Stock brokers were warned by NSE for the implementation of orders that appear to be non-genuin, which leads to deviations in the process of discovery of normal prices. Trading ‘Fat Finger’ is a term in market terms for transactions that occur accidentally because of the wrong key is pressed.

This incident brought back the memories of the 2012 fat finger trading which caused losses to RS 60 Crore to Emkay Global Trader and also caused a decrease of almost 15 percent in a good index. Traders who include wrong trade are Vardaman Global Sharecom who has also written to NSE to see his mistakes, according to reports during the weekend.

NSE asks traders to strictly distance themselves from entering or carrying out trade in their own accounts or on behalf of their clients that Prima Facie seems to be non-genuine. Traders have been told to avoid practices that can result in deviations in the order book.

NSE noted an example where the order had been placed by several traders in his exchange that did not reflect the current market price and far from the price traded last. “Circular non -compliance must attract appropriate disciplinary actions … which may include deviations from the trade terminal,” Circular NSE said.