wow, .sometimes we cry for right reasons and for wrong reasons..problem occurred from exchange side but now brokers taking a toll for it..well getting no objection letter also a made-up task. hope fyers get it asap.I still wonder why Sebi then allowing ILand FS after the crisis knowing their wrongdoings..Yesterday after this incident they should have not allowed trading and who took fresh positions are worried today..This spinless Exchange has no clue what they are up to.i came across 2 types of traders here. who really got caught and worried and others who didn't even have a position but argue i missed huge profit due to this and these peoples mouths are so loud & amplified pointing fingers .i can hope fyers come out of this getting no-objection certificate .your efforts of making better infrastructure will not go in vain ..maybe you might lose some junk who are lazy enough to watch out messages you posted like how to exit your position in this case and not even bother whats the problem behind....few smartholes started spreading that these brokers did not paid hence they were not allowed..Crazy,
Hi
@Mukr,
Thanks for understanding the situation, I really appreciate it. However, I understand the clients' frustrations too. I don't blame them because the National Clearing Corporation, NSE, media, IL&FS and the concerned parties have not helped communicate the situation exactly and thus when terminals of brokers are suddenly blocked overnight without giving any reasons to either the brokers or their clients, it feels like shit! Since they are directly in touch with brokers, they will blame us.
I hope I have communicated to help you understand better. We'll do everything in our power to accelerate the transition process and finally disassociate ourselves with IL&FS both in terms of clearing and demat services.
You can expect a message very soon.