Description

BSE has scheduled a mock trading session for Equity Derivatives segment on Saturday, January 03, 2026 for testing trading platforms and risk management systems.

Summary

BSE has scheduled a mock trading session for the Equity Derivatives segment on Saturday, January 03, 2026. This session allows trading members to test their trading platforms, risk management systems, and various market functionalities including exceptional conditions. 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.

Key Points

  • Mock trading session scheduled for Equity Derivatives segment on Saturday, January 03, 2026
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • Opportunity to test third-party trading platforms, in-house systems via IML/ETI APIs
  • Testing includes various functionalities: risk-reduction mode, trading halt, and exceptional market conditions
  • No new BOLT TWS Release planned
  • Feedback required from all participants 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 and Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of trading and risk management software.

Compliance Requirements

  • Trading members using third-party platforms or in-house systems should utilize this session for testing
  • Members must test various functionalities including risk-reduction mode and trading halts
  • Feedback submission required by 4:30 PM on January 03, 2026
  • Members must refer to Exchange Notice No 20201201-22 dated December 1, 2020 for testing requirements

Important Dates

  • January 03, 2026: Mock trading session date
  • 10:15 AM - 11:15 AM: Log-in window
  • 11:15 AM - 03:30 PM: Continuous trading session
  • By 4:30 PM: Feedback submission deadline

Impact Assessment

Market Impact: None. This is a mock trading session with no impact on actual market operations or live trading.

Operational Impact: Low. Voluntary participation for testing purposes only. Members can choose between mock trading or UAT environment. The session provides an opportunity for members to validate their trading systems and ensure readiness for regular market conditions and exceptional scenarios.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no impact on regular market operations or investor portfolios