The National Stock Exchange (NSE) on Monday said it will conduct two-day live trading sessions starting on August 1 from its disaster recovery site in Chennai.
Besides, the exchange would conduct mock trading sessions on July 29-31, NSE said in a circular.
A disaster recovery (DR) site is necessary for all critical institutions like exchanges so that operations can be carried out seamlessly and smoothly if any extraneous event affects the functioning of the main trading centre in Mumbai.
The exchange has asked its members “to participate actively in the mock trading session to check the connectivity and avoid login problems in live trading sessions from DR site“.
“The exchange shall be conducting session (Live) from its Disaster Recovery site (on August 1—2),” NSE said.
Earlier, sources had said that markets regulator Sebi wants a special review of the exchanges’ trading systems, back—up arrangements and disaster recovery plans, including handling sudden surge in volumes, in the wake of a major technical glitch at the NSE.
Trading activities on the country’s largest exchange were halted for over three hours on July 10. Investors had faced problems in executing trade in cash as well as Futures and Options (F&O) segments.
Following the disruption, Sebi had sought a detailed report from NSE on the glitch in its system. It had also asked the exchange to have a review of their ‘business continuity plans’ as well as submit a detailed plan on the measures that are going to be taken to avoid such recurrences.
’Business Continuity Plan’ is aimed at having a systematic approach to deal with business disruptions, to protect market integrity.