Description

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

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, January 03, 2026. This session is intended for testing and familiarization purposes, allowing trading members to test their trading applications and systems. Members can participate either in the mock trading session or UAT environment to fulfill regulatory requirements as per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. No actual trading obligations will arise from this session.

Key Points

  • Mock trading session scheduled for Saturday, January 03, 2026
  • Covers Currency Derivatives and Cross Currency Derivatives segments
  • No new BOLT TWS release for this session
  • Trading members using third-party platforms or in-house systems can test their applications
  • Mock trades will not create any margin, pay-in/pay-out obligations, rights or liabilities
  • Members must provide feedback by 4:30 PM on the same day
  • Alternative to UAT environment for regulatory compliance

Regulatory Changes

No regulatory changes introduced. This circular references existing regulatory requirements:

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

Compliance Requirements

  • Trading members are requested to participate actively in the mock trading session
  • Members must provide feedback for the mock trading session by 4:30 PM on January 03, 2026
  • Contact BSE Helpdesk (022-45720400/600, 022-69158500, bsehelp@bseindia.com) or BSE Tech Support (022-22728053, bse.tech@bseindia.com) for queries
  • Members should use this opportunity to test trading applications for various functionalities including exceptional market conditions

Important Dates

  • January 03, 2026: Mock trading session date
    • 10:15 AM - 11:00 AM: Log-in window
    • 11:00 AM - 03:30 PM: Continuous trading for Currency Derivatives
    • 11:00 AM - 03:30 PM: Continuous trading for Cross Currency Derivatives
    • 03:40 PM: Trade modification (Currency)
    • 03:40 PM: Trade modification (Cross Currency)
    • 4:30 PM: Deadline for feedback submission

Impact Assessment

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

Operational Impact: Low. Trading members have the option to participate in either the mock trading session or UAT environment. The session provides an opportunity for members to test their trading systems, third-party platforms, and in-house developed applications in a simulated environment. No margin obligations or settlement obligations will arise from this session, making it a risk-free testing environment for market participants.

Impact Justification

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