Description

BSE has scheduled a mock trading session for Commodity Derivatives segment on Saturday, December 6, 2025, with new BOLT Pro TWS version 12.40 release for testing and familiarization purposes.

Summary

BSE has scheduled a mock trading session for the Commodity Derivatives segment on Saturday, December 6, 2025. This session is designed for members to test their trading systems and familiarize themselves with the new BOLT Pro TWS version 12.40. 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 mock trades will not create any actual obligations or liabilities.

Key Points

  • Mock trading session scheduled for Saturday, December 6, 2025 for Commodity Derivatives segment
  • New BOLT Pro TWS version 12.40 will be released (details in separate circular)
  • Login window: 10:15 AM to 11:00 AM
  • Continuous trading session: 11:00 AM to 3:30 PM
  • Members can choose between mock trading or UAT environment for regulatory compliance
  • Third-party trading platforms and in-house systems via IML/ETI APIs can participate
  • Testing includes various functionalities like risk-reduction mode, trading halt, and exceptional market conditions
  • Mock trades will not attract margin obligations, pay-in/pay-out requirements, or create rights/liabilities
  • Feedback must be submitted by 4:30 PM on the mock trading day
  • Reference to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of trading and risk management software

Regulatory Changes

No regulatory changes announced. This circular relates to compliance with existing SEBI requirements under circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020, which mandates regular testing of trading and risk management systems.

Compliance Requirements

  • Trading members are encouraged to participate actively in the mock trading session
  • Members using third-party trading platforms or in-house developed systems should utilize this opportunity to test their applications
  • All members must provide feedback for the mock trading session by 4:30 PM on December 6, 2025
  • Members should test various functionalities including risk-reduction mode, trading halt, and exceptional market conditions
  • Contact BSE Tech Support (022-22728053, bse.tech@bseindia.com) or Help Desk (022-45720400/600, 022-69158500, bsehelp@bseindia.com) for queries

Important Dates

  • December 4, 2025: Circular issued (Notice No 20251204-40)
  • December 6, 2025: Mock trading session
    • Login: 10:15 AM - 11:00 AM
    • Continuous Trading: 11:00 AM - 3:30 PM
    • Feedback deadline: 4:30 PM

Impact Assessment

Market Impact: None - This is a mock trading session with no real market impact. All trades executed during the session will not create any actual obligations, margins, or settlement requirements.

Operational Impact: Low to Medium - Trading members and technology vendors need to allocate resources for testing on a Saturday. This provides valuable opportunity to:

  • Test new BOLT Pro TWS version 12.40 before production deployment
  • Validate third-party and in-house trading systems
  • Ensure system readiness for exceptional market conditions
  • Identify and resolve potential issues in a controlled environment

Member Impact: Voluntary participation with benefits for system reliability and regulatory compliance. Members can fulfill their testing obligations under SEBI guidelines through either mock trading or UAT environment, providing flexibility in compliance approach.

Impact Justification

Routine mock trading session for testing purposes with no real trading obligations or market impact. Voluntary participation for members to test systems and familiarize with new platform version.