The National Stock Exchange (NSE) has announced that it will conduct a special live trading session on Saturday, May 18, 2024, in the equity and equity derivative segments. During this session, there will be an intra-day switchover from the Primary site to the Disaster Recovery (DR) site.
The purpose of this exercise is to assess the preparedness of the exchange in handling major disruptions or failures at the primary site in Mumbai. A DR site is crucial for critical institutions like exchanges to ensure seamless and smooth operations in case of any unforeseen events affecting the main trading center.
The session will be conducted in two phases. The first phase will be a 45-minute session starting at 9:15 am. The second special live trading session will commence at 11:45 am and conclude at 12:40 pm.
During the special session, all securities, including those on which derivative products are available, will have a maximum price band of 5 percent. Securities already in the 2 percent or lower price band will continue to be available in their respective bands. This measure is taken to prevent excessive volatility and maintain market stability during the drill.
The timings for the cash segment are as follows:
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)
This special trading session is being held to evaluate the readiness of Market Infrastructure Institutions (MIIs) in handling unforeseen events such as system outages affecting their operations. It aims to assess their ability to restore operations from the disaster recovery site, aligning with SEBI’s framework for business continuity.