India's largest online stock trading platform Zerodha faced system downtime Wednesday morning, leading to clearing orders piling up. In an interview with CNBC-TV18, Nikhil Kamath, director of Zerodha, said the clearing of orders delayed due to a connectivity issue.
"We had a connectivity issue in the morning and a couple of lakh orders have piled up and we are just in the process of clearing the order and it should be back up in a couple of minutes,” he added.
Kamath further explained that a small connectivity issue creates a couple of minutes of downtime, which results in orders pile-up in the system. It takes a few minutes to get rid of the delay.
Kamath said the company has put in considerable effort in upgrading systems, but some issues such as connectivity happen. The company tries to control these issues by having a backup, he added.