Saturday Trading Session: The Stock Exchange has issued a circular saying that there will be two special trading sessions on May 18.
New Delhi:
There is important news for investors doing stock market trading. Generally, Friday is the last trading day of the week in the stock market. Trading takes place in the stock market from Monday to Friday. At the same time, there are stock market holidays (Stock Market Holidays 2024) on weekends, that is, the stock market remains closed on Saturday and Sunday. But next week on Saturday i.e. 18th May also the stock market is going to be open for trading (Saturday Trading Session).
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In fact, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) said on Tuesday that they will organize special live trading sessions in the stock and equity futures and options segments on Saturday, May 18. The purpose of this initiative is to assess preparedness to deal with any major disruption or failure.
Use of the ‘Disaster Recovery’ site in ‘Live’ trading sessions
However, during special ‘live’ trading sessions, the ‘Disaster Recovery’ (DR) site will be used in place of the Primary Site (PR). In case the Primary ‘Data Centre’ is not available during an emergency, the technology, infrastructure And ‘Disaster Recovery Site’ is used to restore operations.
This is the timing of special trading session
Regarding this, both the stock exchanges said in separate circulars that there will be two special trading sessions on May 18. In which the first session will be from 9:15 am to 10 am from the Primary Site (PR) and the second from 11:30 am from the DR site. It will happen till 12:30 pm.
Let us tell you that earlier, NSE and BSE had organized similar trading sessions on March 2 also. These sessions are being organized based on discussions with market regulator SEBI and their Technical Advisory Committee. Its objective is to assess the preparedness of the stock exchange infrastructure and handle any unexpected events that may impact operations, so that operations can be restored through the ‘Disaster Recovery’ site within the stipulated time.
Typically, a ‘DR site’ is used to ensure business continuity in the event of a major problem or failure at the primary site.
