Leading bourse BSE will conduct a mock trading session on Saturday to test software related to trading and risk management, including algorithmic-based trade. The move is part of the exchange's efforts to provide its members with a robust and efficient system for trading equipped with better features.
In three separate circulars, BSE has asked trading members with user IDs approved for algorithmic-based (algo) trades to participate in the mock session, which will be held for currency and equity derivatives, and the equity segment.
"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 bourse said. Besides, "trading members using third-party trading platforms of empanelled vendors or in-house developed systems can also use this opportunity to test their respective trading applications during the session for various functionalities, including exceptional market conditions", it added.