INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Leading exchange BSE today said it will conduct mock trading sessions on Saturday.
The sessions will be conducted for currency
derivatives, equity derivatives and equity segments on August 4, the exchange said in three separate notices.
"Trading members shall ensure
that all user-ids approved for algorithmic trading, irrespective of the algorithm having undergone change or not, shall participate in the
mock trading session," the BSE said.
Algorithmic trading refers to high-frequency and automated execution of trades on the stock exchanges
through pre-programmed software platforms installed on servers.
The exchange has also sought feedbacks from the trading members for the
sessions.
"To be able to provide our members with a robust and efficient system for trading with better features, feedback from all members
is very important", the BSE said.
"We request all members to give their feedback for the mock trading session ," the BSE said.
The
Securities and Exchange Board of India guidelines require stock exchanges to conduct mock trading on a monthly basis to test trading and
risk management related systems and applications.
