Stock market today: The National Stock Exchange (NSE) will hold mock trading sessions on Saturday at its Disaster Recovery site. Additionally, live trading sessions are scheduled to take place from September 30 to October 3, also from the disaster recovery location, as stated in a circular issued on Friday. The mock session has been scheduled from 12:00 noon to 01:00 PM on Saturday.
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. Members are asked to schedule their activities appropriately “On Friday, the NSE released a statement.
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. During the second session, which took place on May 18, the indices showed poor trading performance.
The special session will evaluate how well the exchanges are prepared for unforeseen events that may occur during a regular trading session. In the event of an emergency, such as a security breach, market operations can be temporarily moved to a disaster recovery site to maintain the continuity of normal operations.
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
The NSE further declared that on Saturday, September 28, it would 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 trading can proceed without interruption from backup sites in the event the primary