NSE and BSE will hold a special live session this Saturday, January 20, 2024
A special live session is planned by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Saturday, January 20, 2024, to check the preparedness in case of any contingency due to technical glitches on the main servers on stock exchanges.
This special session is conducted about the SEBI circular regarding the framework for the Business Continuity Plan and Disaster Recovery site (DRS) for stock exchanges and depository participants.
On this special live session, the exchange will switch over from the primary site to the disaster recovery site in the Equity and derivatives segments.
This special live session on Saturday will be divided into two sessions:
The first live trading session from the primary site will be from 9:15 am to 10:00 am, with Pre-Open time from 9:00 am to 9:08 am.
The second live trading session from the disaster recovery site will be from 11:30 am to 12:30 pm, with Pre-Open time from 11:15 am to 11:23 am.
In NSE’s official circular, it stated “This is in reference to SEBI circular SEBI/HO/MRD/DMS1/CIR/P/2019/43 dated March 26,2019 regarding framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock Exchanges and depositories and Exchange Circular no. NSE/MSD/44692 dated June 18, 2020 regarding unannounced live trading sessions from Disaster Recovery (DR) Site and circular no. NSE/MSD/48662 dated June 18, 2021 regarding important guidelines in case of switchover of trading system to Disaster Recovery (DR) Site.”
The following changes in price bands / daily operating range (DPR) are applicable for the Special Live Trading Session on January 20, 2024:
- All securities (including those on which derivative products are available) will have a maximum price band of 5%. Securities already in the 2% or lower price band, shall continue to be available in the respective bands.
- Price bands of 5% will be applicable on all closed-ended Mutual Funds.
- All futures contracts shall have a daily operating range of 5%.
- No flexing of securities or futures contracts shall be applicable on that day.
- The price band for equity segment and futures contracts applicable at the start of the day shall be applicable at the Disaster Recovery site too. Any changes in price bands of options contracts due to market factors up to the close time at the Primary site would be carried forward to the Disaster Recovery site.
The switch from Primary to DRS is being done under SEBI and their technical Advisory committee rules and regulations.
Note: All the above changes are applicable only for special trading sessions.
The main aim of this special session conducted on Saturday, January 20, 2024, is to check the preparedness of the stock exchanges to handle unforeseen events that can impact the operations.