- The National Stock Exchange (NSE) has announced a special live trading session on May 18, 2024, featuring an intra-day switch from the Primary site to the Disaster Recovery site.
- This session aims to test the exchange’s readiness in managing significant disruptions or failures at the primary site.
- The special live trading session will adhere to Sebi guidelines, requiring testing preparedness for managing unforeseen disasters from Mumbai’s main trading center.
The NSE will conduct a special live trading session to test its disaster recovery measures, ensuring robust contingency plans are in place to manage potential disruptions.
Special Live Trading Session Announced by NSE
The National Stock Exchange (NSE) has announced that it will be conducting a special live trading session on Saturday, May 18, 2024. This session will feature an intra-day switch from the Primary site to the Disaster Recovery site across equity and equity derivative segments. The purpose of this exercise is to assess their readiness in managing significant disruptions or failures at the primary site, thereby ensuring robust contingency measures are in place.
Details of the Special Live Trading Session
During the special live trading session, there will be an intra-day transition from the Primary Site (PR) to the Disaster Recovery (DR) site. A Disaster Recovery site is indispensable for all vital institutions such as exchanges, ensuring operational continuity in the event of any unforeseen circumstances impacting the main trading center in Mumbai, thereby facilitating seamless and uninterrupted operations. The session will be conducted in two segments. The initial phase will consist of a 45-minute session, beginning at 9:15 am. Following this, a special live trading session will commence at 11:45 am and come to an end at 12:40 pm.
Regulations for the Special Live Trading Session
In the special session, all securities, including those associated with derivative products, will be subject to a maximum price band of 5 per cent. Securities currently trading within the 2 percent or lower price band will remain within their respective bands. This initiative aims to curb excessive volatility and uphold market stability throughout the trading session.
Conclusion
The special live trading session adheres to Sebi guidelines, which require testing preparedness for managing unforeseen disasters from Mumbai’s main trading center. This marks the third occasion this year where traders are required to work on a Saturday. Initially scheduled for January 20 (Saturday), the first disaster recovery session was extended to a full-fledged one due to the declaration of January 22 (Monday) as a holiday for the Ram Mandir inauguration. Comparable sessions from the disaster recovery site occurred previously in 2016 and 2017.
