The National Stock Exchange and Bombay stock exchange are planning to conduct a special live trading session on Saturday, the 20th of January 2024. There will be an intra-day switch over to a disaster recovery site.
The specific timelines for these sessions are as follows. Both BSE and NSE's pre-open session begins at 9am, with market opening at 9:15am and closing at 10am. The disaster recovery site's pre-opening session will start at 11:15am, followed by normal market operations beginning at 11:23am, with the closing session at 12:50 pm.
In the future and options segment, the market opens at 9:15am and closes at 10am. On the disaster recovery website, it opens at 11:30am and closes at 12:30pm.
These special sessions aim to bolster the exchanges' resilience and preparedness for any unforeseen contingencies in the future. Quoting references to earlier directives from the Securities and Exchange Board of India (SEBI) and previous exchange circulars, the NSE has highlighted the importance of Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) frameworks for stock exchanges and depositories.
The circular issued by NSE says, "Exchange shall be conducting special live trading session with intra-day switch over from Primary site to Disaster Recovery site on Saturday, January 20, 2024 in Equity and Equity Derivatives segments."
The detailed schedule for these sessions indicates a systematic approach to ensure smooth operations during the transition. The first session is designated for the primary site, encompassing activities such as the morning block deal window session, pre-open session, normal market operations, and Call Auction Illiquid session.
The second session will take place at the Disaster Recovery (DR) site, encompassing similar phases including pre-open session, normal market operations, Call Auction Illiquid session, Closing Session, and trading modification time.
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