Description

BSE has scheduled a mock trading session for the Currency Derivatives segment on Saturday, March 07, 2026. Members can use this session to test trading applications and fulfill regulatory requirements per SEBI circular dated November 24, 2020.

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 systems and fulfill regulatory requirements as mandated by SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 dated November 24, 2020. Trades executed during the mock session carry no margin, pay-in/pay-out obligations, or legal rights and liabilities.

Key Points

  • Mock trading session scheduled for Currency Derivatives segment on Saturday, March 07, 2026
  • Members may participate in mock trading or the UAT environment to meet SEBI regulatory testing requirements
  • Trading members using third-party platforms or in-house systems via IML/ETI APIs can test various functionalities, including exceptional market conditions
  • No new BOLT TWS release will accompany this session
  • All trades from mock trading carry no margin obligations, pay-in/pay-out obligations, or legal rights and liabilities
  • Members are requested to submit feedback by 4:30 PM on the day of the session

Regulatory Changes

No new regulatory changes introduced. This circular references the existing requirement under SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 (November 24, 2020) for testing of software used in or related to trading and risk management, and Exchange Notice No. 20201201-22 dated December 1, 2020.

Compliance Requirements

  • Trading members must fulfill regulatory testing requirements by participating either in the mock trading session or the UAT environment
  • Members using third-party or in-house trading platforms via IML/ETI APIs should use this opportunity to validate their systems
  • Feedback must 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 exercise with no financial or market impact. Trading members and their technology teams are the primary audience. Participation is voluntary (members may choose between mock session and UAT), and no obligations arise from trades executed during the session. Contact for queries: BSE Tech Support at 022-22728053 / bse.tech@bseindia.com; BSE Help Desk at 022-45720400/600 & 022-69158500 / bsehelp@bseindia.com.

Impact Justification

Routine mock trading session for testing purposes only; trades have no financial obligations, margin requirements, or legal standing. Impacts only trading members who choose to participate.