In this article, we will discuss
- The Purpose of the Live Trading Session
- Timeline of the Live Trading Session
- On the primary site: Trading Session 1
- On the DR site: Trading Session 2
- Noteworthy Aspects of the Live Trading Session
In a strategic move to enhance business continuity and disaster recovery preparedness, as mandated by the Securities and Exchange Board of India (SEBI), the BSE and the NSE, are organising a special live trading session on 20th January. Here’s all the relevant information and its impact on trading operations.
The Purpose of the Live Trading Session
Business continuity for Market Infrastructure Intermediaries (MIIs) such as stock exchanges, clearing corporations, and depositories is now facilitated through the Software as a Service (SaaS) model. They had already conducted mock trading sessions last year to familiarise themselves with the new SaaS model.
During the upcoming special live trading session, MIIs will orchestrate an intra-day switch-over to their respective Disaster Recovery sites while the SaaS instance will be invoked simultaneously, to evaluate the ability and efficiency of this synchronised event. Having engaged in detailed discussions with SEBI and their technical advisory committee, MIIs will be collectively assessing their preparedness to handle unforeseen events. This collaborative effort aims to ensure a swift restoration of operations from the DR site within the stipulated recovery time.
Timeline of the Live Trading Session
As equity and equity derivatives segments form the backbone of financial markets, the special trading session is specifically tailored for them. The day will commence with the pre-open session on NSE and BSE starting at 9:00 AM, followed by normal trading at 9:15 AM. The pre-opening session for the disaster recovery site is set to commence at 11:15 AM, with normal trading beginning at 11:23 AM and concluding at 12:30 PM. This timeline provides a structured approach to the live trading session, ensuring a comprehensive assessment of disaster recovery capabilities.
On the Primary site: Trading Session 1
- Pre-open session: 9 AM - 9:08 AM
- Normal market timing: 9:15 AM - 10 AM
- Equity FNO: 9:15 AM - 10:00 AM
On the DR site: Trading Session 2
- Pre-open session: 11:15 AM - 11:23 AM
- Normal market timing: 11:30 AM - 12:30 PM
- Post-closing: 12:40 PM - 12:50 PM
- Equity FNO: 11:30 AM - 12:30 PM
Noteworthy Aspects of the Live Trading Session
Tomorrow, March 2, 2024, trading in MIS/BO/CO orders will be disabled due to DR site testing. Furthermore, the E- Dis facility will be unavailable to users during the transition to the DR site, notably between 10:00 a.m. and 11:15 a.m.
Stock purchased today (01 March 2024) cannot be sold on 02 March 2024, hence several settlements are scheduled for Monday, 04 March 2024.
Note: In CASH,NFO,CDS, all uncleared balances from Friday will be resolved on Monday, March 4, 2024.
Currency and Commodity (MCX) markets will stay closed
To ensure the smooth conduct of activities during these sessions, I request all team members involved in market-related activities to be attentive and prepared for the respective timings.
The upcoming special live trading session serves as a testament to the commitment of SEBI, the stock exchanges and associated entities to maintain operational resilience and navigate through unforeseen challenges effectively. As investors and market participants, understanding the intricacies of such strategic initiatives is vital for you as well.
Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - grievances@samco.in Research Analysts -SEBI Reg.No.-INHO0O0005847
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