Description

BSE has scheduled a mock trading session for Electronic Gold Receipts segment on December 06, 2025 to allow members to test trading platforms and familiarize with system functionalities.

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, December 06, 2025. This session is designed to allow trading members to test their trading platforms, familiarize themselves with system functionalities, and fulfill regulatory testing requirements as per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. Members can participate either in the mock trading session or UAT environment. The new BOLT Pro TWS version 12.40 will be released during this session.

Key Points

  • Mock trading session scheduled for Saturday, December 06, 2025 for Electronic Gold Receipts segment
  • Members can choose between mock trading session or UAT environment to fulfill regulatory requirements
  • New BOLT Pro TWS version 12.40 will be released (details in separate circular)
  • Trading members using third-party platforms or in-house systems through IML/ETI APIs can test various functionalities
  • Testing covers exceptional market conditions including risk-reduction mode and trading halt scenarios
  • No margin obligations, pay-in/pay-out obligations, or creation of rights and liabilities from mock trades
  • Feedback required from all members by 4:30 pm on the mock trading day

Regulatory Changes

No regulatory changes introduced. This circular facilitates compliance with existing SEBI requirements:

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

Compliance Requirements

  • Trading members should participate actively in mock trading sessions
  • Members must test trading and risk management software as per regulatory requirements
  • Third-party trading platform users and in-house system developers should use this opportunity to test their applications
  • Members required to provide feedback by 4:30 pm on December 06, 2025
  • Contact BSE Helpdesk (022-45720400/600 & 022-69158500; bsehelp@bseindia.com) or BSE Tech Support (022-22728053; bse.tech@bseindia.com) for queries

Important Dates

  • December 04, 2025: Notice date
  • December 06, 2025: Mock trading session date with following timings:
    • 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 December 06, 2025

Impact Assessment

Market Impact: None. This is a mock trading session with no actual market transactions. All trades are for testing purposes only and will not create any obligations or liabilities.

Operational Impact: Low. This is a voluntary testing opportunity for members to ensure their trading systems are functioning correctly and to familiarize themselves with platform updates including BOLT Pro TWS version 12.40. Members can choose to participate in either mock trading or UAT environment to meet regulatory testing obligations.

Member Benefits: Provides opportunity to test trading applications under various market conditions including exceptional scenarios, ensuring system readiness and compliance with SEBI testing requirements without any financial obligations.

Impact Justification

Routine mock trading session for testing purposes with no actual trading obligations or market impact. Voluntary participation for members to test systems and comply with regulatory testing requirements.