Description

BSE has scheduled a mock trading session for Currency Derivatives segment on Saturday, January 03, 2026 for members to test their trading systems and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for Currency Derivatives segment on Saturday, January 03, 2026. Members can participate in this session or use the UAT environment to fulfill regulatory requirements as per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. Trading members using third-party platforms or in-house systems through IML/ETI APIs can test their applications during the mock session. There will be no new BOLT TWS Release for this session.

Key Points

  • Mock trading session scheduled for Currency Derivatives segment on 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 can test their applications
  • No new BOLT TWS Release will be implemented
  • Mock trades will not create any margin obligations, pay-in/pay-out obligations, rights or liabilities
  • Feedback must be submitted by 4:30 PM on the same day
  • Reference to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of trading and risk management software

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 requirements for trading and risk management systems.

Compliance Requirements

  • Members may participate in the mock trading session to fulfill regulatory testing requirements
  • Trading members using third-party empaneled vendors or in-house developed systems should test various functionalities including exceptional market conditions
  • Members are requested to provide feedback by 4:30 PM on January 03, 2026
  • Active participation is encouraged for system testing and familiarization

Important Dates

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

Impact Assessment

Market Impact: None. Mock trading is for testing purposes only and does not create any financial obligations or actual market transactions.

Operational Impact: Low. Provides optional testing opportunity for members to validate their trading systems and ensure compliance with regulatory requirements. Members using third-party platforms or in-house systems can utilize this session to test various functionalities including exceptional market conditions scenarios.

Member Participation: Voluntary. Members can choose between mock trading session or UAT environment for fulfilling regulatory requirements.

Contact Information

For queries or clarifications:

  • BSE Tech Support (TWS users, third-party empaneled vendors & in-house system developers): 022-22728053, bse.tech@bseindia.com
  • 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 financial obligations or market impact. Participation is optional for regulatory compliance testing.