Description

BSE has scheduled a mock trading session for Electronic Gold Receipts segment on January 03, 2026 for members to test trading platforms and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, January 03, 2026. This session allows trading members to test their trading platforms and fulfill regulatory requirements as per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. Members can participate in either the mock trading session or UAT environment. The mock trades will not create any margin obligations, pay-in/pay-out obligations, or rights and liabilities.

Key Points

  • Mock trading session scheduled for EGR segment on January 03, 2026
  • Members can test third-party trading platforms, empaneled vendor systems, or in-house developed systems through IML/ETI APIs
  • No new BOLT TWS Release for this session
  • Trading members can test various functionalities including risk-reduction mode, trading halt, and exceptional market conditions
  • Members may choose between Mock Trading Session or UAT environment to fulfill regulatory requirements
  • Active participation and feedback from all members is requested by 4:30 PM

Regulatory Changes

No regulatory changes introduced. This circular relates to 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 in either Mock Trading Session or UAT environment
  • Feedback must be submitted by 4:30 PM on the day of mock trading
  • Members should contact their Relationship Manager, BSE Helpdesk (022-45720400/600 & 022-69158500; bsehelp@bseindia.com), or BSE Tech Support (022-22728053; bse.tech@bseindia.com) for queries

Important Dates

  • January 03, 2026: Mock Trading Session
    • 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 January 03, 2026

Impact Assessment

Market Impact: None. This is a mock trading session with no real market consequences.

Operational Impact: Low. Members have the opportunity to test their trading systems, platforms, and APIs in a simulated environment. This helps ensure system readiness and compliance with regulatory testing requirements without any financial obligations or liabilities. The session provides valuable testing for exceptional market conditions and various trading functionalities.

Impact Justification

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