Discover the details of BSE and NSE’s special live trading session on January 20, 2024, as part of their disaster recovery plan. Insights into the settlement holiday, futures contracts, and the significance of a Disaster Recovery Site (DRS). Stay informed about the proactive measures taken by stock exchanges for a resilient trading environment.
In a strategic move to ensure business continuity in the face of unexpected disruptions, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have scheduled a special live trading session in the equity F&O segment on January 20, 2024. This initiative is part of their disaster recovery (DR) plan, which involves a temporary shift of market operations to a dedicated DR site. Let’s delve into the details of this special trading session and its implications.
Date and Time of Special Live Trading Sessions
On January 20, 2024, two special live trading sessions are set to take place. The first session is scheduled from 9:15 AM to 10:00 AM, followed by the second session from 11:30 AM to 12:30 PM. During these sessions, all futures contracts will have an operating range of 5%, including F&O stocks. Stocks with a 2% upper and lower circuit limit will adhere to that limit throughout the special live trading sessions.
The second special live trading session will be conducted on the DR site, starting with a pre-open session from 11:15 AM to 11:30 AM. The normal market will open at 11:30 AM and close at 12:30 PM. A Call Auction Illiquid session is scheduled from 11:45 AM to 12:00 PM, followed by the closing session from 12:40 PM to 12:50 PM. Trading modification time will conclude at 1:00 PM.
Settlement Holiday on January 20, 2024
It’s crucial to note that January 20, 2024, is a settlement holiday. This means that any credits in the F&O segment and profits from intraday trading on January 19 won’t be accessible for trading during the special live sessions. For those who engaged in BTST (Buy Today Sell Tomorrow) transactions on January 19, the sale proceeds will be settled on Monday, January 22. Traders will then regain access to these credits for trading starting on Tuesday, January 23.
Understanding Disaster Recovery Site (DRS)
A Disaster Recovery Site plays a crucial role during emergencies, such as security breaches, where normal market operations may be temporarily shifted to ensure business continuity. The Securities and Exchange Board of India (SEBI) prescribed a framework for business continuity plans and disaster recovery sites for stock exchanges, depositories, and clearing corporations in a circular dated March 22, 2021.
Recognizing the need to keep up with technological advancements and streamline processes, SEBI aimed to reassess the existing framework. The goal was to shorten the specified time required to transition from the primary data center to the Disaster Recovery Site (DRS).
Final Words
These special live trading sessions are designed to facilitate a seamless switch to the DR site while providing investors with clear information about the schedule and impact on trading activities. The commitment to business continuity is evident in the proactive approach taken by the NSE and BSE.
For those closely watching the global markets, here is a snapshot of key indices as of the latest available data:
- S&P ASX 200: 7421.20 (+1.02%)
- CAC 40: 7376.63 (-0.29%)
- DAX: 16548.95 (-0.03%)
- Dow Jones: 37468.61 (+0.54%)
- FTSE 100: 7472.98 (+0.22%)
- Hang Seng: 15286.62 (-0.82%)
- US Tech 100: 15060.65 (+0.11%)
- Nikkei 225: 35963.27 (+1.4%)
- S&P 500: 4780.94 (+0.88%)
- Gift Nifty: 21652.00 (+0.48%)
- Shanghai Composite: 2832.28 (-0.47%)
- Taiwan Weighted: 17681.52 (+2.63%)
- US 30: 37584.00 (+0.3%)
In conclusion, the NSE and BSE’s proactive approach to disaster recovery measures reflects their commitment to maintaining a resilient and secure trading environment. As the special live trading sessions unfold, investors can stay informed and adapt their strategies accordingly.