NSE to simulate disaster recovery with a live session on Saturday, May 18th

2 mins read . 08 May 2024 . 11:36 AM

The National Stock Exchange of India (NSE) is to conduct a live trading session on May 18, 2024, to test its disaster recovery capabilities. The move is significant for NSE’s Business Community Plan (BSP) as it ensures proper handling of unexpected disruptions. 

The session will be divided into two parts. Regular trading will be held on the primary site between 9:15 AM to 10:00 AM. Post this, a one-hour simulated disaster scenario will take place from 11:45 AM to 12:40 PM, to see if the procedures and resources allocated for disaster recovery and business continuity work in sync with real-world scenarios. Moreover, trading will happen on the backup disaster recovery site.

The exercise is designed to focus on equity and equity derivative segments only. All securities and futures contracts will have a maximum price band of 5% for the day, to ensure a controlled environment. Additionally, flexing of securities or futures contracts will not be permitted. 

The exchange emphasized this as a simulated event which will not affect regular trading hours. Regular trading rules with standard price bands and flexing will resume as usual on the following trading day.