Description

BSE announces mock trading session for Electronic Gold Receipts segment on Saturday, September 6, 2025 for testing and familiarization purposes.

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, September 6, 2025. This session is designed for testing and familiarization purposes, allowing trading members to test their systems and platforms without any real trading obligations.

Key Points

  • Mock trading session scheduled for EGR segment on September 6, 2025
  • New BOLT Pro TWS version 12.03 will be released (details in separate circular)
  • Trading members can use third-party platforms or in-house systems via IML/ETI APIs
  • Session allows testing of various functionalities including exceptional market conditions
  • No margin obligations or pay-in/pay-out obligations for mock trades
  • Feedback required from all participants by 4:30 PM on trading day

Regulatory Changes

No regulatory changes announced. This relates to existing SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 regarding testing requirements.

Compliance Requirements

  • Members must refer to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of trading and risk management software
  • Members can choose between Mock Trading Session or UAT environment to fulfill regulatory testing requirements
  • Active participation in mock trading sessions is requested
  • Feedback must be provided by 4:30 PM on the trading day

Important Dates

  • September 6, 2025: Mock trading session date
  • Trading Schedule:
    • Log-in: 10:15 AM - 11:00 AM
    • Pre-Open Order Entry: 11:00 AM - 11:08 AM
    • Matching Period: 11:08 AM - 11:15 AM
    • Continuous Trading: 11:15 AM - 3:30 PM
    • Block Deal Window: 12:00 PM - 12:15 PM
    • Closing: 3:30 PM - 3:40 PM
    • Post-closing: 3:40 PM - 3:50 PM
  • Feedback Deadline: 4:30 PM on September 6, 2025

Impact Assessment

This mock trading session has minimal market impact as it involves no real trading obligations or financial commitments. The primary benefit is system testing and familiarization for trading members, particularly those using third-party platforms or developing in-house systems. The session provides an opportunity to test exceptional market conditions like risk-reduction mode and trading halts in a controlled environment.

Impact Justification

Mock trading session for testing purposes with no real trading obligations or market impact