Description

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, March 07, 2026, for members to test trading applications and fulfill regulatory requirements.

Summary

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, March 07, 2026. The session allows trading members to test their trading applications, including third-party platforms and in-house systems using IML/ETI APIs. Participation also fulfills regulatory testing requirements per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. Trades from mock sessions carry no financial obligations.

Key Points

  • Mock trading session scheduled for Currency Derivatives and Cross Currency Derivatives on Saturday, March 07, 2026
  • Members may participate in Mock Trading Session or UAT environment to meet SEBI regulatory testing requirements
  • No new BOLT TWS release for this session
  • Trades will not create margin obligations, pay-in/pay-out obligations, or any legal rights and liabilities
  • Members must submit feedback by 4:30 PM on the day of the session
  • Relevant reference: Exchange Notice No. 20201201-22 dated December 1, 2020

Regulatory Changes

No new regulatory changes. This circular operationalizes existing SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 (November 24, 2020) regarding testing of software used in or related to Trading and Risk Management.

Compliance Requirements

  • Trading members using third-party empaneled vendor platforms or in-house systems via IML/ETI APIs should use this session to test functionalities, including exceptional market conditions
  • Members must choose between Mock Trading Session or UAT environment to fulfill SEBI regulatory testing requirements
  • Feedback to be submitted to BSE by 4:30 PM on March 07, 2026

Important Dates

  • Mock Trading Date: Saturday, March 07, 2026
  • Log-in Window: 10:15 AM – 11:00 AM
  • Continuous Trading (Currency Derivatives): 11:00 AM – 3:30 PM
  • Continuous Trading (Cross Currency Derivatives): 11:00 AM – 3:30 PM
  • Trade Modification (Currency): 3:40 PM
  • Trade Modification (Cross Currency): 3:40 PM
  • Feedback Deadline: 4:30 PM on March 07, 2026

Impact Assessment

This is a routine operational mock session with no market or financial impact. Trading members operating in the Currency and Cross Currency Derivatives segments are encouraged to participate to validate system readiness and comply with SEBI’s software testing mandate. No trades executed during the session will result in any financial settlement or create legal obligations. Contact support via BSE Tech Support (022-22728053 / bse.tech@bseindia.com) or BSE Help Desk (022-45720400/600 & 022-69158500 / bsehelp@bseindia.com) for queries.

Impact Justification

Routine mock trading session for testing purposes only; no margin obligations or pay-in/pay-out obligations arise. Affects trading members using Currency Derivatives segment who wish to test systems or fulfill SEBI regulatory testing requirements.