Description

BSE announces mock trading session for Equity Derivatives segment on Saturday, January 3, 2026 to allow members to test trading platforms and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Equity Derivatives segment on Saturday, January 3, 2026. This session allows trading members to test their trading platforms, risk management systems, and fulfill regulatory requirements under 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. There will be no new BOLT TWS release for this session.

Key Points

  • Mock trading session scheduled for Equity Derivatives segment on Saturday, January 3, 2026
  • No new BOLT TWS release planned
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • Opportunity to test third-party trading platforms, empaneled vendor systems, or in-house developed systems using IML/ETI APIs
  • Testing can cover various functionalities including risk-reduction mode, trading halt, and exceptional market conditions
  • Feedback requested from all participants 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 relates to existing regulatory requirements under SEBI circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 for testing of trading and risk management systems.

Compliance Requirements

  • Trading members are encouraged to participate in the mock trading session or UAT environment to fulfill regulatory testing requirements
  • Members using third-party platforms or in-house systems should utilize this opportunity to test trading applications
  • Feedback submission requested by 4:30 PM on January 3, 2026
  • Members should refer to Exchange Notice No 20201201-22 dated December 1, 2020 for testing guidelines

Important Dates

Saturday, January 3, 2026 - Mock Trading Session Schedule:

  • Log-in: 10:15 AM to 11:00 AM
  • Pre-Open Session Order Entry: 11:00 AM to 11:07/08 AM
  • Order Matching Period: 11:08 AM to 11:12 AM
  • Buffer Period: 11:12 AM to 11:15 AM
  • Continuous Trading: 11:15 AM to 3:30 PM
  • Feedback Deadline: 4:30 PM

Impact Assessment

Market Impact: None - This is a non-live testing session with no impact on actual market trading.

Operational Impact: Low - Voluntary participation for trading members to test systems and ensure readiness. Members can choose between mock session and UAT environment based on their testing needs.

Member Impact: Positive - Provides members opportunity to test trading platforms, identify issues, and ensure compliance with regulatory testing requirements in a controlled environment without risk to live trading operations.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no impact on live trading or market participants beyond voluntary testing participation