Description

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

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, January 03, 2026. This session is designed for testing and familiarization purposes, allowing trading members to test their software platforms and systems. 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. There will be no new BOLT TWS Release for this session.

Key Points

  • Mock trading session scheduled for Electronic Gold Receipts segment on Saturday, January 03, 2026
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • Trading members using third-party platforms or in-house systems through IML/ETI APIs can test various functionalities
  • Testing includes risk-reduction mode, trading halt, and exceptional market conditions
  • No new BOLT TWS Release will be deployed
  • Trades will not attract any margin obligations, pay-in/pay-out obligations, or create rights and liabilities
  • Feedback must be submitted by 4:30 PM on the mock trading day

Regulatory Changes

No new regulatory changes introduced. This circular refers to existing regulatory requirements:

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

Compliance Requirements

  • Members are encouraged to participate actively in the mock trading session
  • Members using third-party or in-house trading systems should utilize this opportunity to test their applications
  • Feedback must be provided to BSE by 4:30 PM on the mock trading day
  • Members must ensure their systems are tested for various functionalities including exceptional market conditions

Important Dates

January 03, 2026 - Mock Trading Session Schedule:

  • Log-in: 10:15 AM to 11:00 AM
  • Pre-Open Order Entry: 11:00 AM to 11:08 AM
  • Matching Period: 11:08 AM to 11:15 AM
  • Continuous Trading: 11:15 AM to 3:30 PM
  • Block Deal Window: 12:00 PM to 12:15 PM
  • Closing: 3:30 PM to 3:40 PM
  • Post-Closing: 3:40 PM to 3:50 PM
  • Feedback Submission Deadline: 4:30 PM

Impact Assessment

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

Operational Impact: Low. Optional participation for members who wish to test their trading systems and platforms. No margin obligations, settlement obligations, or legal rights/liabilities arise from mock trades.

Member Impact: Provides opportunity for trading members to test and familiarize themselves with their systems, particularly for risk management scenarios and exceptional market conditions. Particularly useful for members using third-party empaneled vendors or in-house developed systems through IML/ETI APIs.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no real trading obligations or market impact. Participation is optional for members to test their systems.