Zerodha founder and CEO Nithin Kamath on August 14 introduced a brand new emergency buying and selling mannequin for the corporate’s buying and selling platform Kite. The billionaire start-up founder famous that this transfer comes as “buying and selling platforms are ridiculously complicated”.
“One hiccup wherever from trade connections to cloud servers can create a problem. Through the years, we have constructed tons of safeguards and redundancies, however we’re nonetheless paranoid,” he famous.
The brand new mannequin makes use of WhatsApp and in case of a catastrophe state of affairs, the place the Kite internet and app each change into inaccessible throughout market hours, goals to permit prospects to cancel orders and exit positions. Kamath shared a video,outlining the identical.
What’s new with Kite? High 10 key highlights
Within the video shared by Nithin Kamath, the corporate introduced the options of Kite Backup, which it has known as “a further safeguard” for shoppers.
