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.

NSE has issued a consolidated circular on trading connectivity for trading members. The circular provides application forms and procedural details for two connectivity scenarios: accessing the Connect2NSE platform through existing leased line trading connectivity, and applying for new IP connectivity (Scenario-based leased line setups). The circular outlines available categories, service modes, segment options, and the application process for activating connectivity scenarios.

Key Points

• Trading members can access the Connect2NSE platform using their existing commissioned leased line connectivity by submitting Annexure 6.
• New IP connectivity applications (Form IP-1) allow members to apply for activation of specific scenarios at Main, Branch, Registered, Corporate, Authorized Person offices, or Third Party Data Centers.
• Ten categories (A through H, O, S) are available, ranging from 40 to 10,000 interactive messages with varying market data broadcast options.
• Two service modes available: Managed Service Mode (MS) and Self Service Mode (SS).
• Supported trading segments: Capital Market (CM), Futures & Options (F&O), Currency Derivatives (CD), and Commodity (CO) — CO segment capped at 120 messages per second per IP.
• Scenarios range from single leased line (e.g., A2, B1, C1) to dual leased line (e.g., A4, B2, C2) configurations.
• Subnet IP activation must be applied through ENIT > Membership > TCP IP Activation > Child IP.

Regulatory Changes

This is a consolidated circular consolidating existing NSE connectivity guidelines and application procedures. No new regulatory mandates are introduced; the circular formalises and standardises the process for trading connectivity access and scenario activation.

Compliance Requirements

• Trading members wishing to access Connect2NSE via existing leased lines must submit a written application (Annexure 6) on company letterhead to NSE’s Member Service Department, citing the NI Reference ID and commissioned IP details.
• Members applying for new connectivity must complete Form IP-1 (Annexure 7) specifying member name, code, desired category, service mode, number of routers (for MS mode), message segmentation preference, and the applicable scenario.
• Applications must be submitted to: Member Service Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051.
• At time of enablement, message allocation will follow the opted segmentation; NSE may rebifurcate messages if enabled segments differ from opted segments.

Important Dates

• No specific effective date or deadline is mentioned in the circular content. Members should refer to the full circular on the NSE website (www.nseindia.com) for any applicable dates.

Impact Assessment

This circular primarily impacts trading members (brokers) who need to set up or upgrade their trading infrastructure connectivity with NSE. It standardises the application process for leased line and IP-based connectivity scenarios, providing clarity on available bandwidth categories and service modes. No direct impact on listed companies, investors, or market-wide trading rules. Members upgrading or initiating connectivity setups will need to follow the updated consolidated forms and procedures.