Description

BSE has scheduled a mock trading session for Currency Derivatives segment on December 06, 2025, with new BOLT Pro TWS version 12.40 release for testing and familiarization purposes.

Summary

BSE has scheduled a mock trading session for Currency Derivatives segment on Saturday, December 06, 2025. Members can participate either in the Mock Trading Session or UAT environment to fulfill regulatory requirements under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. The session will feature the release of new BOLT Pro TWS version 12.40. Trading members using third-party platforms or in-house systems can test their applications during this session.

Key Points

  • Mock trading session scheduled for Currency Derivatives segment on December 06, 2025
  • New BOLT Pro TWS version 12.40 will be released (details in separate circular)
  • Members can choose between Mock Trading Session or UAT environment for regulatory compliance
  • Testing opportunity for third-party trading platforms and in-house systems using IML/ETI APIs
  • No margin, pay-in, pay-out obligations or creation of rights/liabilities from mock trades
  • Feedback requested from all members by 4:30 PM on the same day

Regulatory Changes

No regulatory changes. This circular relates to testing in accordance with existing SEBI circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 and Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of software used in trading and risk management.

Compliance Requirements

  • Members should refer to Exchange Notice No 20201201-22 dated December 1, 2020 for testing requirements
  • Participation is optional but members are encouraged to participate actively
  • Members using third-party platforms or in-house systems should utilize this opportunity for testing various functionalities including exceptional market conditions
  • Feedback submission requested by 4:30 PM on December 06, 2025

Important Dates

  • December 06, 2025: Mock Trading Session
    • Log-in: 10:15 AM to 11:00 AM
    • Continuous Trading for Currency Derivatives: 11:00 AM to 03:30 PM
    • Continuous Trading for Cross Currency Derivatives: 11:00 AM to 03:30 PM
    • Trade Modification (Currency): 03:40 PM
    • Trade Modification (Cross Currency): 03:40 PM
    • Feedback submission deadline: 4:30 PM

Impact Assessment

Market Impact: None. This is a mock trading session with no real trading obligations, margin requirements, or pay-in/pay-out obligations. Trades do not create any rights or liabilities.

Operational Impact: Low. Provides members an opportunity to test trading systems, familiarize themselves with the new BOLT Pro TWS version 12.40, and ensure their platforms function correctly under various market conditions including exceptional scenarios. Optional participation minimizes operational disruption.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no real trading obligations or market impact. No mandatory participation or regulatory changes involved.