Description

NSE conducting mock trading session in Commodity Derivatives Segment on December 06, 2025 with testing of algorithmic trading safety features for retail investors.

Summary

NSE will conduct a mock trading session in the Commodity Derivatives Segment on Saturday, December 06, 2025. This is a routine testing session with no new NEAT version release. Trading members are required to test functionality related to safer participation of retail investors in algorithmic trading and provide evidence of participation to the Exchange.

Key Points

  • Mock trading session scheduled for December 06, 2025 in Commodity Derivatives Segment
  • No new NEAT version release; current version NEAT 1.5.3 will be used
  • Two trading sessions planned: Session-1 from Primary Site (11:00-15:30) and Session-2 from DR Site (16:00-16:45)
  • Contingency switchover testing during Session-1 (12:00-13:30)
  • Members must test algorithmic trading safety features for retail investors
  • Evidence of participation must be submitted to NNFREG@nse.co.in
  • No financial obligations arise from mock trading activities
  • Live re-login window available from 18:30 to 19:00

Regulatory Changes

This circular implements testing requirements under SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/132 dated September 30, 2025 regarding safer participation of retail investors in algorithmic trading. Members must demonstrate compliance through participation in mock or simulation sessions.

Compliance Requirements

  • Trading members must participate in the mock trading session
  • Members must test functionality related to safer participation of retail investors in algorithmic trading
  • Evidence of participation must be submitted via email to NNFREG@nse.co.in with following details:
    • Trading Member Name and code
    • User ID
    • Type of participation (Mock/Simulation)
    • Date(s) of participation
    • Segment details
  • Members should refer to implementation standards and operational modalities from previous NSE circulars (NSE/INVG/67858, NSE/INVG/69255, NSE/INVG/69289, NSE/INVG/70309)
  • Position limit/collateral value setup cut-off time: 16:55
  • Trade modification end time: 16:55

Important Dates

  • December 06, 2025: Mock trading session date
    • Trading Session-1: 11:00 - 15:30 (Primary Site)
    • Contingency period: 12:00 - 13:30
    • Trading Session-2: 16:00 - 16:45 (DR Site)
    • Live re-login: 18:30 - 19:00

Impact Assessment

Market Impact: Minimal - Mock session only for testing purposes with no real trading or financial obligations.

Operational Impact: Low - Trading members need to allocate resources for participation and testing of algorithmic trading safety features. Members can alternatively use daily simulated trading sessions for testing.

Compliance Impact: Medium - Members are required to provide evidence of participation as per SEBI requirements for implementing safer algorithmic trading framework for retail investors. This is part of the glide path for adherence outlined by SEBI.

Impact Justification

Routine mock trading session for testing purposes with no new version release; mandatory participation for testing algorithmic trading safety features per SEBI requirements