DR Site: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have announced to organize a special trading session on Saturday, March 2. Issuing a circular on Wednesday, NSE and BSE said that trading will be done in the equity and equity derivatives segment during this session to be held on March 2. On this day, intraday switch over will be done at the Disaster Recovery Site (DR Site). This DR site will work to protect data in situations like cyber attacks. Besides, trading will also become more secure.
Two special trading sessions will be organized
According to the circular, all members should prepare for a special live trading session for DR Site (Disaster Recovery Site) on March 2. During this time transfer from primary site to DR site. The first trading session will be held from 9.15 am to 10 am. After this the second trading session will be held from 11.30 am to 12.30 pm. This special session was earlier to be held on January 20. But it was postponed due to the Pran Pratistha program of Ram Lalla in Ayodhya on 22 January. A holiday of 22 January was also declared in the equity market.
Trading was closed on February 24, 2021
There was a technical problem on NSE on February 24, 2021, due to which the need for a disaster recovery site was felt. Trading on NSE was halted between 1140 and 345 due to technical problems. Investors and traders had to face big problems during this period. The telecom provider company was held responsible for this problem.
Protection of market and investors from DR site
Earlier, BSE and NSE had announced to switch to disaster recovery site on January 20. It was to be checked how the DR site was performing by trading on BSE and NSE. With its help, trading can be protected from cyber attacks, server crashes or any other problems. This will maintain the safety of the market and investors. On that day, BSE and NSE had fixed the maximum price band of all securities including derivative products at 5 percent. A range of 5 percent was also fixed for mutual funds and future contracts. This process will be completed as per the suggestions of SEBI and Technical Advisory Committee.
Read this also
Get more latest business news updates