“`html
- Today marks a significant event for the Indian stock market as the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) conduct a special live trading session.
- This session includes a planned intraday transition from the Primary Site (PR) to the Disaster Recovery Site (DR) in both the Equity and Equity Derivatives Segments.
- “This exercise is crucial for testing the robustness of our disaster recovery capabilities,” stated a spokesperson from SEBI.
Today’s special trading session on NSE and BSE showcases the robust disaster recovery strategies essential for maintaining market stability.
Understanding the Importance of Disaster Recovery in Stock Exchanges
The special trading session serves as a practical test of the disaster recovery systems (DRS) and business continuity plans (BCP) mandated by SEBI. By switching operations from the Primary Site to the Disaster Recovery Site, the exchanges demonstrate their ability to handle unexpected disruptions smoothly.
Operational Details of Today’s Trading Session
The session is divided into two phases: the first from 9:15 IST to 10:00 IST and the second from 11:30 IST to 12:30 IST. This structured approach ensures that all market participants can adjust and operate under the alternate system without impacting the market’s integrity.
Market Operations During the Transition
During today’s session, stringent price bands are applied to ensure market stability. For example, a maximum price band of 5% is set for all securities, including those on which derivative products are offered. This measure prevents extreme volatility during the transition period.
Conclusion
The successful execution of today’s special trading session will reinforce investor confidence in the Indian stock market’s resilience. It also sets a precedent for other global exchanges on the importance of having a well-tested disaster recovery plan in place.
“`
