Description

BSE has scheduled a mock trading session for Currency Derivatives segment on Saturday, January 03, 2026 for testing and familiarization purposes.

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, January 03, 2026. This session is intended for testing and familiarization purposes, allowing trading members to test their trading platforms and systems. Members can participate either in the Mock Trading Session or UAT environment to fulfill regulatory requirements as per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. No actual trading obligations will be created from this session.

Key Points

  • Mock trading session scheduled for Currency Derivatives segment on Saturday, January 03, 2026
  • Members can use this to test trading applications and platforms including third-party systems via IML/ETI APIs
  • No new BOLT TWS Release will be implemented
  • Trades from mock trading will not attract any margin, pay-in, pay-out obligations or create rights and liabilities
  • Members can alternatively use UAT environment to meet regulatory testing requirements
  • Feedback to be submitted by 4:30 PM on the same day

Regulatory Changes

No regulatory changes introduced. This circular facilitates compliance with existing SEBI circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 regarding testing of trading and risk management software.

Compliance Requirements

  • Trading members are required to test their software used in or related to Trading and Risk Management as per Exchange Notice No 20201201-22 dated December 1, 2020
  • Members must choose to participate either in Mock Trading Session or UAT environment to fulfill regulatory requirements
  • Members using third-party platforms or in-house systems should use this opportunity to test various functionalities including exceptional market conditions
  • Feedback must be provided by 4:30 PM on January 03, 2026

Important Dates

  • January 03, 2026: Mock Trading Session
    • Log-in: 10:15 AM - 11:00 AM
    • Continuous Trading for Currency Derivatives: 11:00 AM - 03:30 PM
    • Continuous Trading for Cross Currency Derivatives: 11:00 AM - 03:30 PM
    • Trade Modification (Currency): 03:40 PM
    • Trade Modification (Cross Currency): 03:40 PM
    • Feedback Deadline: 4:30 PM

Impact Assessment

Market Impact: None. This is a mock trading session with no actual trading obligations.

Operational Impact: Low to Medium for trading members who need to participate in testing. This is a routine testing opportunity that allows members to:

  • Verify their trading systems and platforms are functioning correctly
  • Test exceptional market condition scenarios
  • Ensure compliance with regulatory testing requirements
  • Familiarize themselves with trading functionalities

No financial obligations or liabilities will be created from this session. Members have the flexibility to choose between mock trading or UAT environment for regulatory compliance.

Impact Justification

Routine mock trading session for testing purposes with no actual trading obligations or market impact