Description

BSE announces mock trading session for Currency Derivatives segment on Saturday, February 07, 2026 for testing and familiarization purposes.

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, February 07, 2026. This session is intended for members to test their trading and risk management systems in compliance with 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 to fulfill regulatory requirements. No real trades or obligations will result from this session.

Key Points

  • Mock trading session scheduled for Currency Derivatives segment on February 07, 2026
  • Members can test trading platforms, third-party systems, or in-house developed systems
  • Session covers both Currency Derivatives and Cross Currency Derivatives
  • No BOLT TWS release planned for this session
  • Trades executed during mock session will not create any rights, liabilities, or margin obligations
  • Members must provide feedback by 4:30 PM on the same day
  • Alternative: Members can use UAT environment instead of mock trading to meet regulatory requirements

Regulatory Changes

No regulatory changes introduced. This circular implements existing requirements per SEBI circular 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 must participate in either mock trading session or UAT environment for regulatory compliance
  • Members using third-party platforms or in-house systems through IML/ETI APIs should test their applications
  • Members should test various functionalities including exceptional market conditions
  • Feedback submission required by 4:30 PM on February 07, 2026
  • Active participation in mock trading sessions is requested

Important Dates

  • February 07, 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 and Cross Currency Derivatives
  • 03:40 PM: Trade modification for Currency and Cross Currency segments
  • 4:30 PM: Deadline for feedback submission

Impact Assessment

Market Impact: None. This is a simulated trading session with no real market transactions.

Operational Impact: Low. Routine testing opportunity for members to validate their trading systems and familiarize themselves with platform functionalities. Members must allocate resources for participation and testing on Saturday.

Member Impact: Optional participation that helps ensure system readiness and regulatory compliance. No financial obligations arise from mock trades. Members benefit from testing opportunity to identify and resolve potential system issues in a risk-free environment.

Contact Points: BSE Tech Support (022-22728053, bse.tech@bseindia.com) and Help Desk (022-45720400/600, 022-69158500, bsehelp@bseindia.com) available for queries.

Impact Justification

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