NSE conducts two-day live trading from ‘disaster recovery site’
Mumbai, Jan 18 (IANS) The National Stock Exchange of India (NSE) on Wednesday announced that it has completed a two-day live trading session from its ‘disaster recovery site’ (DRS) for the fifth successive time.
According to the NSE, the ‘live trading’ session was conducted on January 9-10, 2017.
“NSE is in compliance with the recommendations of the Technical Advisory Committee of Securities and Exchange Board of India (SEBI) on business continuity policy (BCP) and disaster recovery (DR) for stock exchanges and depositories,” the NSE said in a statement.
The NSE pointed out that its DR centre is located far away from its primary site and is in a different seismic zone.
The NSE elaborated that its BCP is aimed at having a systematic approach to deal with business disruptions, and to protect market integrity.
“NSE’s BCP has been drawn up based on in depth risk assessment and business impact analysis,” the statement explained.
“It covers clearing, settlement and risk management system, for capital market segment, equity derivatives segment, and currency derivatives segment and interest rate futures.”