Description

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, December 6, 2025, with new BOLT Pro TWS version 12.40 release for testing and familiarization.

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, December 6, 2025. The session is designed for members to test their trading systems, familiarize themselves with platform functionalities, and comply with SEBI testing requirements. A new version of BOLT Pro TWS (version 12.40) will be released during this session. Members can participate either in the mock trading session or UAT environment to fulfill regulatory obligations under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020.

Key Points

  • Mock trading session scheduled for Electronic Gold Receipts segment on December 6, 2025
  • New BOLT Pro TWS version 12.40 will be released (details in separate circular)
  • Members can test third-party trading platforms, empaneled vendor systems, or in-house developed systems through IML/ETI APIs
  • Testing covers various functionalities including risk-reduction mode, trading halt, and exceptional market conditions
  • Mock trades will not create any margin obligations, pay-in/pay-out obligations, rights, or liabilities
  • Members must provide feedback by 4:30 PM on the session day
  • Alternative: Members may choose UAT environment instead of mock trading to meet regulatory requirements

Regulatory Changes

No new regulatory changes introduced. This circular refers to existing requirements:

  • Exchange Notice No. 20201201-22 dated December 1, 2020 regarding testing of software used in trading and risk management
  • SEBI circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 regarding regulatory testing requirements

Compliance Requirements

  • Trading members are requested to participate actively in the mock trading session
  • Members must test their trading applications during the session for various functionalities
  • Feedback submission required by 4:30 PM on December 6, 2025
  • Members may choose between mock trading session or UAT environment to fulfill SEBI regulatory testing requirements
  • Contact BSE Helpdesk (022-45720400/600, 022-69158500) or BSE Tech Support (022-22728053) for queries

Important Dates

  • December 6, 2025 (Saturday): Mock trading session
    • Login: 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 December 6, 2025

Impact Assessment

Market Impact: None. This is a mock trading session for testing purposes only. No real trades will be executed, and no financial obligations will arise.

Operational Impact: Low. Members have the opportunity to test their trading systems, familiarize themselves with the new BOLT Pro TWS version 12.40, and ensure compliance with SEBI testing requirements. This is a routine operational activity that helps maintain system reliability and member preparedness.

Member Impact: Voluntary participation with flexibility to choose between mock trading or UAT environment for regulatory compliance. Members using third-party platforms or in-house systems can validate their applications under simulated market conditions including exceptional scenarios.

Impact Justification

Routine mock trading session for testing purposes with no real trades or obligations. Standard operational activity for system testing and member familiarization.