This Saturday, November 9, 2024, the NSE will hold a special mock trading session, breaking from its usual weekend closure. This event, one of the exchange’s monthly contingency drills, allows brokers and traders to test the robustness of trading systems, including infrastructure and new products, in a live environment. Scheduled to run from 10:00 AM to 3:30 PM IST, there will also be a live re-login period from 6:30 PM to 7:00 PM IST.
Brokerage platforms like Zerodha will display live market data during the session, so users might notice temporary fluctuations in market watch prices and their holdings or positions’ values. However, these values will reset to the previous Friday’s closing prices once the mock session concludes.
NSE organizes these drills to ensure a seamless trading experience and to validate its trading systems’ reliability. This initiative follows SEBI’s mandate, which requires monthly mock trading sessions to simulate real market conditions for testing new or modified trading software. SEBI also requires full participation from all brokers, especially those using algorithmic trading, to improve the effectiveness of these sessions.
The final mock trading session for the year is set for December 7, 2024. The exchange emphasizes the importance of active member participation to validate its systems, ensuring resilience and responsiveness in actual trading scenarios.
Disclaimer: This mock trading session is solely for testing and contingency purposes on the NSE. Prices and holdings shown during the session are simulated and may not reflect actual market conditions. All values will reset to the previous trading day’s close after the session ends. Traders should verify actual holdings and prices post-session.
Leave a Reply