BSE and NSE to conduct special trading session today – Times of India

BSE and NSE to conduct special trading session today – Times of India

NEW DELHI: BSE and NSE are set to conduct a special trading session in the equity and equity derivative segments today. The purpose of this session is to test their preparedness in handling major disruptions or failures at the primary site. There will be an intra-day switch over from the Primary Site (PR) to the Disaster Recovery (DR) site, during the session.
The special live trading session will be divided into two parts.The first session will take place from 9:15 am to 10 am on the PR site, while the second session will occur from 11:30 am to 12:30 pm on the DR site.
A maximum price band of 5% will be implemented for all securities, including those with derivative products. However, securities already in the 2% or lower price band will continue to be available in their respective bands.
The session has been organized in consultation with the Securities and Exchange Board of India (SEBI) and their technical advisory committee. Its purpose is to evaluate the readiness of market infrastructure institutions, such as the exchanges, to handle unforeseen events that may impact their operations.
Additionally, it aims to assess the ability of these institutions to restore operations from the DR site within the stipulated time frame.
Switching to the DR site is a common practice to ensure business continuity in the event of a major disruption or failure at the primary site.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Translate »
Scroll to Top
Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts USWNT’s Olympic Final Standard Warren Buffett and Berkshire Hathaway Annual Meeting Highlights What to see in New York City galleries in May Delhi • Bomb threat • National Capital Region • School