The National Stock Exchange (NSE) will hold simulated trading sessions at its Disaster Recovery location today. Furthermore, a circular released on Friday said that live trading sessions will be held from the catastrophe recovery location from September 30 to October 3.

On Saturday, the simulated session is set to run from 12:00 noon to 1:00 PM. Members are kindly informed that on Saturday, September 28, 2024, between 12:00 PM and 1:00 PM, pretend trading will take place as part of the Exchange Contingency Tests.

The NSE said in a statement, "Members are requested to plan their activities accordingly." This is the NSE's third special live trading session of the year. March 2 was the first session, which went off without a hitch and ended at a record closing level. In the second session, which took place on May 18, the indices had a poor trading performance.

The purpose of the special session is to assess the exchanges' readiness for unanticipated events that might arise in the course of a regular trading session. To ensure the continuation of regular operations in the case of an emergency, such as a security breach, market operations can be momentarily relocated to a disaster recovery site.

Cycle of T+0 settlement

With the introduction of the T+0 settlement cycle, trading procedures have undergone a dramatic shift that allows transactions to be completed the same day they are executed. As a result, shares can be transferred right away to the buyer's account, and the seller's account can get the matching credit of cash the same trading day. This method, which became live in March 2024, works in tandem with the conventional T+1 settlement mechanism, which handles transactions the following day.

Furthermore, the NSE declared that on Saturday, September 28, it will host mock trading sessions from its disaster recovery site for the capital market as well as the futures and options segments. This program is a component of the exchange's ongoing readiness testing to guarantee that, in the event that main operations are disrupted, trading can proceed without incident from backup locations.

The Disaster Recovery (DR) site will be open for live trading for two days in a row, from September 30 to October 1, in accordance with regular market hours. In line with the NSE's circular, on Saturday, September 28, between 12:00 PM and 1:00 PM, there will be a Contingency Test conducted during the mock trading session. To guarantee that they take part in this testing procedure, the exchange has asked its members to modify their calendars appropriately.