BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) have planned a live trading session on January 20 to switch to the disaster recovery site. This move is part of their efforts to ensure business continuity in case of any operational disruptions. The live trading session will be conducted in two parts: the first session from 9:15 AM to 10:00 AM, and the second session from 11:30 AM to 12:30 PM.
During this special live trading session, all futures contracts will have a 5% operating range. Securities, including those traded in the Futures & Options (F&O) segment, will have upper and lower circuit limits of 5%. Securities that normally have a 2% circuit limit will maintain that limit during this session.
Equity and futures contracts’ price bands set at the beginning of the day in the Equity segment will apply to the Disaster Recovery site. The Disaster Recovery site will reflect any changes in options contracts’ bands made until the close time of the primary site.
This planned switch to the Disaster Recovery site ensures that the stock exchanges can seamlessly continue operations and minimize downtime in the face of unforeseen events or disruptions. This move aligns with regulatory discussions on the readiness of Market Infrastructure Institutions to handle operational challenges and meet specified Recovery Time Objectives at the Disaster Recovery site.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.