Description

BSE has scheduled a mock trading session for the Commodity Derivatives segment on January 03, 2026 to allow members to test trading platforms and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Commodity Derivatives segment on Saturday, January 03, 2026. This session is designed to allow trading members to test their trading platforms, third-party systems, and in-house developed applications. Members can participate in either the mock trading session or UAT environment to fulfill regulatory requirements under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. There will be no new BOLT TWS release for this session.

Key Points

  • Mock trading session scheduled for Saturday, January 03, 2026
  • No new BOLT TWS software release
  • Members can choose between mock trading session or UAT environment for regulatory compliance
  • Session allows testing of third-party platforms, empaneled vendor systems, and in-house systems using IML/ETI APIs
  • Testing includes exceptional market conditions like risk-reduction mode and trading halts
  • Trades from mock session will not create any margin obligations, pay-in/pay-out obligations, rights, or liabilities
  • Feedback requested from all participants by 4:30 PM on the same day

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulatory requirements from SEBI circular no. SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020 and Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing of software used in trading and risk management.

Compliance Requirements

  • Trading members are required to participate in testing activities to comply with SEBI regulations
  • Members must choose to participate in either the mock trading session or UAT environment
  • Members using third-party trading platforms or in-house systems should utilize this session to test various functionalities
  • Feedback submission requested by 4:30 PM on January 03, 2026
  • Members should refer to Exchange Notice No 20201201-22 dated December 1, 2020 for guidance on testing requirements

Important Dates

  • January 03, 2026: Mock trading session
    • Log-in: 10:15 AM to 11:00 AM
    • Continuous Trading: 11:00 AM to 03:30 PM
    • Feedback deadline: 4:30 PM

Impact Assessment

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

Operational Impact: Low. Trading members have the option to participate in testing their systems and platforms. The session provides an opportunity to test exceptional market conditions in a controlled environment.

Financial Impact: Zero. No margin obligations, pay-in/pay-out obligations, or any financial rights and liabilities will be created from trades executed during the mock session.

Member Impact: Voluntary participation allows members to fulfill regulatory testing requirements and familiarize themselves with trading systems and various market scenarios including risk-reduction mode and trading halts.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes only with no actual market impact, margin obligations, or settlement obligations