Market regulator Securities and Exchange Board of India (SEBI) has floated a consultation paper to overhaul the existing framework for addressing ‘technical glitches’ in stockbrokers’ electronic trading systems. The revised framework, which is slated to take effect from 1 November 2025, proposes narrower applicability, clearer definitions, and a rationalised penalty structure. The move comes after repeated trading disruptions in recent years. Zerodha, India’s largest retail brokerage, recently suffered a glitch that prevented many users from viewing updated stock prices and accessing their accounts, with several also reporting issues in order modification. In July last year, brokerages including Nuvama, Edelweiss, Motilal Oswal, IIFL Securities, 5Paisa and Angel Broking faced dis

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