Description

BSE has scheduled a mock trading session for Currency Derivatives segment on Saturday, February 07, 2026 for testing and familiarization purposes. Members can participate in either mock trading or UAT environment to fulfill SEBI regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, February 07, 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 dated November 24, 2020. Members can choose to participate in either the mock trading session or UAT environment. The mock trades will not create any margin, pay-in/pay-out obligations, rights, or liabilities.

Key Points

  • Mock trading session scheduled for Saturday, February 07, 2026
  • Applies to Currency Derivatives and Cross Currency Derivatives segments
  • No new BOLT TWS Release planned
  • Members can test third-party trading platforms or in-house systems via IML/ETI APIs
  • Alternative: Members may use UAT environment instead of mock trading
  • Mock trades will not attract any real obligations or create rights/liabilities
  • Active participation and feedback solicited from all members
  • Reference to Exchange Notice No 20201201-22 dated December 1, 2020 regarding testing requirements

Regulatory Changes

No regulatory changes. This circular facilitates compliance with existing SEBI requirements per 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 using third-party platforms or in-house systems should utilize this mock trading session to test functionalities including exceptional market conditions
  • Members must choose between participating in mock trading session or UAT environment to meet regulatory testing requirements
  • Feedback must be submitted by 4:30 PM on the day of mock trading via provided contact numbers/email

Important Dates

February 07, 2026 (Saturday) - Mock Trading Session Timings:

  • 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 onwards
  • Trade Modification (Cross Currency): 03:40 PM onwards
  • Feedback Submission Deadline: 4:30 PM

Impact Assessment

Market Impact: None - Mock trading session with no real market impact

Operational Impact: Low - Voluntary testing opportunity for members to validate their trading systems and platforms. Members can test various functionalities including exceptional market conditions scenarios.

Member Impact: Beneficial for members to ensure their trading systems are functioning properly and compliant with regulatory requirements. Provides alternative to UAT environment testing.

Contact Information:

Impact Justification

Routine mock trading session for testing purposes with no real trading obligations or settlement. No new system releases involved. Voluntary participation for regulatory compliance testing.