The BSE and NSE, prominent stock exchanges, have scheduled a special trading session for the equity and equity derivative segments on Saturday to evaluate their readiness in managing significant disruptions or failures at the primary site. During this live trading session, there will be a transition from the Primary Site (PR) to the Disaster Recovery (DR) site.
The session will comprise two parts: the first session will run from 9:15 am to 10 am on the PR site, followed by the second session from 11:30 am to 12:30 pm on the DR site. Throughout the special session, all securities, including those associated with derivative products, will have a maximum price band of 5 per cent. Securities already subjected to a 2 per cent or lower price band will maintain their respective bands.
In separate circulars, both BSE and NSE have notified trading members about this special live trading session with an intraday transition from PR to DR site on Saturday, March 2.
This initiative stems from specific discussions with the Securities and Exchange Board of India (Sebi) and their technical advisory committee. The aim is to evaluate the readiness of market infrastructure institutions, such as exchanges, to manage unforeseen events impacting their operations and to swiftly restore operations from the DR site within the prescribed timeframe.
Typically, the transition to the DR site is initiated to ensure business continuity in the event of a major disruption or failure at the primary site.
Read also | Pakistan's Efforts to Secure $1.8 Billion for Chinese Loan Repayment Hit Roadblocks
Read also | Adani's Record Profit Growth Paves the Way for Unmatched Green Investments
