Description

BSE has scheduled a mock trading session for the Electronic Gold Receipts segment on Saturday, January 03, 2026 for members to test trading systems 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 systems and fulfill regulatory 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 mock trades will not create any margin, pay-in/pay-out obligations, or rights and liabilities.

Key Points

  • Mock trading session scheduled for EGR segment on January 03, 2026
  • No new BOLT TWS release for this session
  • Members can test trading applications including third-party platforms and in-house systems via IML/ETI APIs
  • Testing covers various functionalities including exceptional market conditions, risk-reduction mode, and trading halts
  • Mock trades do not attract any obligations or create rights/liabilities
  • Feedback must be submitted by 4:30 PM on the mock trading day

Regulatory Changes

No new regulatory changes. This circular implements existing requirements under:

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

Compliance Requirements

  • Trading members must participate in either mock trading sessions or UAT environment to fulfill regulatory requirements
  • Members using third-party trading platforms or in-house systems should utilize this session for testing
  • Active participation in mock trading sessions is requested
  • Feedback submission required by 4:30 PM on mock trading day

Important Dates

  • January 03, 2026: Mock trading session date
  • 10:15 AM - 11:00 AM: Log-in period
  • 11:00 AM - 11:08 AM: Pre-open order entry period
  • 11:08 AM - 11:15 AM: Matching period
  • 11:15 AM - 3:30 PM: Continuous trading
  • 12:00 PM - 12:15 PM: Block deal window
  • 3:30 PM - 3:40 PM: Closing period
  • 3:40 PM - 3:50 PM: Post-closing period
  • By 4:30 PM: Feedback submission deadline

Impact Assessment

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

Operational Impact: Low. Provides opportunity for members to test and validate their trading systems, platforms, and APIs in a simulated environment. Beneficial for ensuring system readiness and identifying potential issues before live trading.

Member Impact: Optional participation for testing purposes. Members can choose between mock trading session or UAT environment to meet regulatory testing requirements. Useful for testing exceptional market conditions and various trading functionalities.

Contact Information

For queries or clarifications:

  • BSE Tech Support: 022-22728053, bse.tech@bseindia.com (for TWS users, third-party vendors, in-house system developers)
  • Help Desk: 022-45720400/600, 022-69158500, bsehelp@bseindia.com
  • Contact respective Relationship Manager

Impact Justification

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