MSE to conduct mock trading sessions on August 5th
by Shrutee K/DNS
Mumbai, August 3th,
2017: Metropolitan Stock Exchange of India Limited
(MSE), the resurging national level stock exchange, will conduct mock trading
session in all the segments on Saturday, 5th August 2017. This
monthly mock trading session will be held from the Disaster Recovery (DR) site
of the Exchange in New Delhi, as a periodical exercise to check the
preparedness of the DR site to face any eventuality.
MSE is able to
conduct live trading sessions without even announcing to the market
participants the switchover from DC (Data Centre in BKC, Mumbai) to its DR site
in New Delhi. As per SEBI requirement, trading members using in-house /
empaneled vendor’s algorithms are required to take part in the session with
their user-ids enabled for algorithmic trading. Trades resulting from such mock
trading will not attract any margin / settlement obligation and do not create
any rights / liability on members.
All the members are encouraged to
participate in the mock trading to test the system’s performance. Members
using algorithmic trading software are required to take part in the session
with the appropriate user-ids.
About MSE:
Metropolitan Stock Exchange of India Limited (MSE) is a SEBI-recognized stock
exchange with licences to operate in currency, interest rate & equity derivatives,
equity cash, ETFs and debt. Its shareholders include India’s top public and
private sector banks and domestic financial institutions who together hold over
34%, besides eminent shareholders like Rakesh
Jhunjhunwala, Radhakishan Damani and Nemish S. Shah. MSEI boasts of a Board
of Directors with eminent personalities and a professional management to steering
the company to its growth potential. In line with global best practices and
regulatory requirements, clearing &
settlement of trade on the exchange are through its subsidiary Metropolitan Clearing
Corporation of India Ltd., an accredited Qualified Central Counterparty.
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