Key Points
Stock exchanges BSE and NSE have cancelled market holiday for this Saturday to conduct a special live trading session tomorrow to test preparedness for handling unexpected disasters..
The special session on Saturday aligns with markets regulator Sebi's guidelines for all market infrastructure intermediaries like bourses and depositories which are required to perform a switchover to their disaster recovery site as part of the business continuity plan...
"Members are requested to note that this is being conducted based on specific discussions with SEBI and their Technical Advisory Committee with a view to assess the preparedness of MIIs to handle any unforeseen event impacting their operations and to restore operations from DR Site within the stipulated Recovery Time Objective in such event," BSE said...
Saturday's special session will be divided into two sessions where trading, settlement and billing will happen as usual but for a smaller time window in the equity and equity derivatives segment...
Fund withdrawal requests made on Saturday would also not be processed.. premium from options sold, marked-to-market profit, intraday profits, etc.) and intraday equity profits from January 19th will not be included in the available funds during the special trading session due to the settlement holiday," Zerodha said...
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