The National Stock Exchange (NSE) announced that it will hold a special trading session on March 2 to test its disaster recovery switch. This session will include both equity and equity derivatives segments.
The purpose of this session is to enhance the exchange’s resilience in case of unforeseen incidents that could affect its operations. The trading session will consist of two phases. The first phase will be a 45-minute session starting at 9:15 am, while the second session will start at 11:30 am and conclude at 12:30 pm.
During the special session, futures contracts will be allowed to fluctuate within a 5 percent operating range. Securities in the Future and Options (F&O) segment will have upper and lower circuit limits of 5 percent, while those with a 2 percent limit will maintain their existing circuit limit.
As March 2 is a settlement holiday, purchases made on March 1 in the equity market will be settled on Monday, March 4. Funds from F&O trades conducted on March 1 cannot be utilized during the special DR sessions to ensure that the testing does not impact the regular settlement cycle.
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