19-Jan-2024
2 mins read
In a proactive measure to assess and enhance the resilience of Market Infrastructure Institutions (MIIs), a special live trading session is scheduled for Saturday, 20th January 2024. This initiative aligns with a SEBI Circular issued in 2019 and aims to evaluate the preparedness of MIIs in managing unforeseen events that could impact their operations, as well as their ability to swiftly restore operations from the Disaster Recovery (DR) Site. Here’s everything you need to know about this significant event.
Trading Session Details:
The special live trading session on 20th January 2024 will consist of two trading sessions with specific timeframes and activities.
Trading Session 1 Schedule
| Time (hrs) | Session Details |
| 08:45 – 09:00 | Morning Block Deal Window Session-1 |
| 09:00 – 09:08 | Pre-Open |
| 09:15 – 10:00 | Normal Market |
| 09:30 – 09:45 | Call Auction Illiquid Session 1 |
Trading Session 2 Schedule
| Time (hrs) | Session Details |
| 11:15 – 11:23 | Pre-Open |
| 11:30 – 12:30 | Normal Market |
| 11:45 – 12:00 | Call Auction Illiquid Session 2 |
| 12:40 – 12:50 | Closing Session |
| Until 13:00 | Trade Modification |
Note: Random closure can occur at the last minute of the session.
Important Notes for Bigul Clients:
- All After Market Orders (AMO) placed on Friday will be processed during the first hour of trading on Saturday instead of Monday.
- There will be no market activity between 10:00 am and 11:15 am as exchanges switch servers from the Primary Site (PR) to the Disaster Recovery Site (DR).
- No orders can be placed during the server switch-over time.
- Any open orders from Session 1 will be cancelled before the commencement of Session 2.
- Some positions may be cancelled between sessions, affecting Profit/Loss (P/L) calculations.
- From 11:15 hrs to 12:30 hrs, trading will resume from the DR site.
- Intraday product orders will not be allowed on this day.
- No funds payout requests will be processed on Saturday, 20th January 2024.
- This will be carried out for cases with a shortage.
- These will be as per the usual Monday norms (25%).
- MTF Pledge Acceptance is allowed only up to 20:00 hrs.
- All securities, including those with derivative products available, will have a maximum price band of 5%. Securities already in the 2% or lower price band will continue to be in their respective bands.
We appreciate your understanding and cooperation in this vital exercise. Ensuring market resilience is a collective effort, and your participation is crucial. If you have any queries or require further assistance, please don’t hesitate to contact us at [email protected].