Description

BSE announces mock trading session for Currency Derivatives segment on January 03, 2026, allowing members to test trading systems and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, January 03, 2026. This session allows trading members to test their software 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. 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
  • No new BOLT TWS software release
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • Trading members using third-party platforms or in-house systems via IML/ETI APIs can test their applications
  • All trades from mock session will not create any obligations or liabilities
  • Feedback requested from all participants by 4:30 PM

Regulatory Changes

No regulatory changes. This circular implements existing regulatory requirements under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 regarding testing of trading and risk management software.

Compliance Requirements

  • Trading members should participate in either mock trading session or UAT environment to fulfill regulatory requirements
  • Members must refer to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of software used in trading and risk management
  • Members using third-party or in-house trading systems should utilize this opportunity to test various functionalities including exceptional market conditions
  • All participants requested to provide feedback by 4:30 PM on the mock trading day

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 deadline: 4:30 PM

Impact Assessment

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

Operational Impact: Low. Trading members have the opportunity to test their systems and ensure readiness. No new software release minimizes technical risk. Members can choose between mock session or UAT environment for flexibility.

Obligations: Mock trades will not attract margin obligations, pay-in/pay-out obligations, or create any rights and liabilities. This is purely for testing and familiarization purposes.

Support: BSE provides technical support through helpdesk (022-45720400/600, 022-69158500) and tech support team (022-22728053) for queries and clarifications.

Impact Justification

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