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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