Testing Disaster Preparedness: NSE and BSE Plan Special Live Trading Sessions on Saturday
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are gearing up for two special live trading sessions on Saturday. These sessions are designed to test the disaster preparedness of the stock market in the event of an emergency.
Purpose of the Special Trading Sessions
Scheduled on a day typically observed as a stock market holiday, the live trading sessions on March 2 are part of a proactive measure announced by the NSE and BSE in February. The aim is to ensure a seamless transition to a business continuity plan during emergencies, guaranteeing uninterrupted trading operations.
Timings and Format
The two special live trading sessions will be conducted from 9:15 am to 10 am and from 11:30 am to 12:30 pm. These sessions will adhere to guidelines established by the Securities and Exchange Board of India (SEBI) regarding Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) frameworks for stock exchanges and depositories.
Operational Details
During the first part of the session, which runs from 9:15 am to 10 am, trading will occur on the primary NSE website. The subsequent part of the session will take place on the recovery site of the stock market exchanges.
Intra-day Switch
A key aspect of these special sessions is the intra-day switch from the official NSE and BSE websites to the disaster recovery site of the stock market. This transition necessitates a split in the session to accommodate the switch effectively.
Trading Regulations
Throughout the special live trading session, all future contracts will be subject to fluctuation within a five percent operating range. Additionally, securities in the Futures and Options (F&O) segment will adhere to a price band of five percent for both upper and lower limits.
The upcoming special live trading sessions underscore the commitment of NSE and BSE to maintain the resilience and continuity of the Indian stock market in the face of potential emergencies.
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By conducting these sessions, they aim to validate their disaster preparedness strategies and ensure a robust response mechanism to safeguard investors' interests and market stability.
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