Stock exchanges to conduct special live trading session on January 20; here’s why

Stock exchanges will be conducting a special live trading session on January 20 (Saturday), in a move to switch over to the Disaster Recovery (DR) site.

This aligns with the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories, outlined by the Securities and Exchange Board of India (SEBI).

Business continuity for Clearing Corporations through the Software as a Service (SaaS) model was to be implemented by the clearing corporations. This SaaS model facilitates the continuity of business operations of clearing corporations by operationalising the SaaS instance in extreme cases.

To acquaint with the SaaS model, clearing corporations in co-ordination with stock exchanges and depositories, had conducted multiple mock sessions between April and November this year.

“During this special live trading session, mentioned MIIs will perform intra-day switch-over to their respective Disaster recovery site and ICCL SaaS instance will be invoked at the same time. This special trading session will be applicable for equity and equity derivatives segments only,” BSE said in a release.

This is being conducted based on specific discussions with SEBI and their technical advisory committee to assess the preparedness of stock exchanges, clearing corporations, and depositories to handle any unforeseen event impacting their operations and to restore operations from the DR site within the stipulated recovery time.

Accordingly, the systems of Indian Clearing Corporation and NSE Clearing would not be available between 10:00 AM to 2:00 PM on January 20, NSE and BSE said through separate circulars. The pre-open session on the NSE and BSE begins at 9:00 AM, and normal trading at 9:15 AM. The disaster recovery site’s pre-opening session will start at 11:15 AM, followed by normal trading at 11:23 AM, and closing at 12:50 PM.

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