National Stock Exchange (NSE) today said it has successfully completed a two-day live trading session from its Disaster Recovery (DR) site for the fifth successive time.
The live trading was conducted on January 9-10, 2017, NSE said in a circular.
A disaster recovery (DR) site is necessary for all critical institutions like exchanges so that operations can be done seamlessly and smoothly if any extraneous event affects the functioning of the main trading centre in Mumbai.
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NSE said it is in compliance with the recommendations of the technical advisory Committee of markets regulator Sebi on Business Continuity Policy (BCP)and DR site for stock exchanges and Depositories. The DR site of NSE is located far away from its primary site and is in a different seismic zone.
Besides, NSE said its Business Continuity Policy is aimed at having a systematic approach to deal with business disruptions, to protect market integrity.
The plan has been drawn up based on in depth risk assessment and business impact analysis. It covers clearing, settlement and risk management system for Interest Rate Futures, capital market, equity as well as currency derivatives segment.
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