Description

NSE circular providing application forms and procedural guidelines for trading members to register user IDs and request IP connectivity for the newly introduced Electronic Gold Receipts (EGR) segment.

Summary

NSE has issued this circular in connection with the introduction of the Electronic Gold Receipts (EGR) segment, providing trading members with the necessary application forms (Form IP-1) and procedural details for activating IP connectivity and obtaining user IDs required to participate in the new segment.

Key Points

  • Trading members must submit Form IP-1 (on company letterhead) to apply for activation of an IP connectivity scenario for Main/Branch/Registered/Corporate offices, Authorized Person offices, or Third-Party Data Centers.
  • Connectivity is available in two service modes: Managed Service Mode (MS) and Self Service Mode (SS).
  • Ten message-capacity categories are available (Category A through O and S), ranging from no interactive messages (Category O) to 10,000 interactive messages per second with market data broadcast (Category H).
  • Twenty connectivity scenarios are offered (A2 through S2), combining single or dual leased lines with varying message throughput levels (40 to 10,000 messages).
  • Bandwidth options include 4, 10, 20, 30, 50, 100, 150, 200, and 300 Mbps.
  • Commodity and EGR segment interactive messages must not exceed 120 messages per second per IP.
  • Members must apply for Subnet IP through ENIT > Membership > TCP IP Activation > Child IP.
  • Message segmentation options cover Capital Market (CM), Futures & Options (F&O), Currency Derivatives (CD), and Commodity (CO) including EGR.

Regulatory Changes

  • The EGR segment is formally being introduced by NSE, requiring all participating trading members to establish dedicated connectivity.
  • At the time of enablement, if the segments being activated differ from the message segments originally opted for, NSE reserves the right to rebifurcate message allocations based on enabled segments.

Compliance Requirements

  • Trading members intending to operate in the EGR segment must complete and submit Form IP-1 on their official letterhead.
  • Members must select the appropriate connectivity scenario, bandwidth, service mode, and leased line service provider.
  • Members must specify Point of Presence (POP) location for each leased line.
  • For Managed Service Mode, the number of routers must be declared.
  • Members should refer to the latest NSE connectivity circulars available at www.nseindia.com for up-to-date scenario and service provider details.

Important Dates

  • No specific deadline is mentioned in the extracted content; members should refer to the full circular for activation timelines and cut-off dates related to the EGR segment launch.

Impact Assessment

This circular primarily affects trading members seeking to participate in the newly launched EGR segment. The operational impact is moderate — members must invest in infrastructure (leased lines, routers) and complete administrative onboarding. There is no direct impact on listed equities or existing segment operations. The introduction of the EGR segment broadens NSE’s market offerings into gold-backed instruments, which may attract new participants over time.

Impact Justification

Operational circular relevant to trading members wishing to participate in the new EGR segment; impacts connectivity setup and onboarding but does not affect broader market pricing or listed securities.