Description

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

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, January 03, 2026. This session allows trading members to test their trading platforms 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. The session provides an opportunity to test various functionalities including exceptional market conditions, risk-reduction mode, and trading halts. No actual trading obligations will arise from this mock session.

Key Points

  • Mock trading session scheduled for Saturday, January 03, 2026 for EGR segment
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • No new BOLT TWS release for this session
  • Trading members using third-party platforms or in-house systems via IML/ETI APIs can test their applications
  • Mock trades will not create any margin obligations, pay-in/pay-out obligations, rights, or liabilities
  • Feedback requested from all members by 4:30 PM on the session day
  • Members should refer to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing requirements

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 of software used in trading and risk management.

Compliance Requirements

  • Trading members are encouraged to actively participate in the mock trading session
  • Members must test their trading systems either through mock trading or UAT environment as per regulatory requirements
  • Feedback must be submitted by 4:30 PM on the session day
  • Members using third-party or in-house trading platforms should utilize this opportunity to test various functionalities
  • Queries should be directed to respective Relationship Managers, BSE Helpdesk (022-45720400/600 & 022-69158500; bsehelp@bseindia.com), or BSE Tech Support (022-22728053; bse.tech@bseindia.com)

Important Dates

  • January 02, 2026: Circular notice date
  • January 03, 2026: Mock trading session date

Mock Trading Session Timings (January 03, 2026):

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

Impact Assessment

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

Operational Impact: Low. Provides trading members with an opportunity to test and familiarize themselves with their trading systems in a controlled environment. Members can test exceptional market conditions, risk-reduction modes, and trading halts without any financial consequences.

Member Benefits: Enables compliance with SEBI testing requirements, system validation, and operational readiness without creating actual trading obligations or liabilities.

Impact Justification

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