Description

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

Summary

BSE has scheduled a mock trading session for the Electronic Gold Receipts (EGR) segment on Saturday, January 03, 2026. This session is designed for members to test their trading systems and fulfill regulatory requirements under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234. Members can participate either in the mock trading session or UAT environment. The session will not create any actual obligations or liabilities.

Key Points

  • Mock trading session scheduled for EGR segment on Saturday, January 03, 2026
  • No new BOLT TWS Release will be implemented
  • Members can use this opportunity to test trading applications for various functionalities including risk-reduction mode, trading halt, and exceptional market conditions
  • Members may choose between mock trading session or UAT environment for regulatory compliance
  • Trading members using third-party platforms or in-house systems through IML/ETI APIs can participate
  • Trades from mock session will not attract margin obligations, pay-in/pay-out obligations, or create rights/liabilities
  • Feedback required by 4:30 PM on the same day

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 trading and risk management software.

Compliance Requirements

  • Members are requested to refer to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of software used in or related to Trading and Risk Management
  • Members should participate in either mock trading session or UAT environment to fulfill regulatory requirements
  • Active participation in the mock trading session is encouraged
  • Feedback submission required by 4:30 PM through designated contact channels

Important Dates

  • Mock Trading Date: Saturday, January 03, 2026
  • Log-in: 10:15 AM to 11:00 AM
  • Pre-Open Order Entry: 11:00 AM to 11:08 AM
  • Matching Period: 11:08 AM to 11:15 AM
  • Continuous Trading: 11:15 AM to 3:30 PM
  • Block Deal Window: 12:00 PM to 12:15 PM
  • Closing: 3:30 PM to 3:40 PM
  • Post-Closing: 3:40 PM to 3:50 PM
  • Feedback Deadline: 4:30 PM on January 03, 2026

Impact Assessment

Market Impact: None. This is a testing session only with no actual trading obligations.

Operational Impact: Low. Provides members an opportunity to test their trading systems, familiarize themselves with platform functionalities, and ensure compliance with regulatory testing requirements. Members using third-party or in-house trading systems can validate their applications under simulated market conditions including exceptional scenarios.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no actual trading obligations or settlement requirements