NSE to conduct live trading session on May 18 with disaster recovery switch

The session will be divided into two phases. The initial phase is scheduled to begin at 9:15 am and will last for 45 minutes. Following that, the second phase, which is a special live trading session, will commence at 11:45 am and conclude at 12:40 pm.

NSE to conduct live trading session on May 18 with disaster recovery switch

In order to assess their readiness in managing major disruptions or failures at the primary site, the National Stock Exchange (NSE) has scheduled a special live trading session on May 18, 2024. During this session, there will be an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site. The equity and equity derivative segments will be the primary focus of this session.

A DR site is important for all basic organizations like trades so tasks should be possible consistently and easily on the off chance that any unessential occasion influences the working of the principal exchanging focus Mumbai.

 The meeting will be directed in two stages. The primary stage will be a 45-minute meeting beginning at 9:15 am. The subsequent unique live exchanging meeting will initiate at 11:45 am and close at 12:40 pm.

All securities, including those with derivative products, will be subject to a 5 percent maximum price band during the special session. Securities already priced at 2 percent or lower will retain their current bands. This strategy is implemented to mitigate extreme fluctuations and ensure market stability throughout the session.

 Timings are as follows:

*Cash Segment: Live trading session on Saturday, May 18 2024

*Session 1: Live trading from Primary Site

Normal Market open time -- 09:15 hrs
Normal Market close time -- 10:00 hrs

*Session 2: Live trading from DR Site

Normal Market open time -- 11:45 hrs
Normal Market close time -- 12:40 hrs
Closing Session (12:50-13:00 hrs)

 An exclusive trading session is set to review the capability of Market Infrastructure Institutions (MIIs) in dealing with unforeseen circumstances such as system outages that disrupt their activities. The goal is to evaluate their effectiveness in restoring operations from the disaster recovery site, in accordance with SEBI's framework for business continuity.