Simulated test environment optionalizes mandatory mock trading sessions; exchanges must provide access and monthly reporting. Mandatory mock trading sessions become optional if a Recognised Stock Exchange provides a simulated test environment available to all members, for at least two hours after market hours on at least two trading days weekly, with data from at least one trading day in all segments not older than one month. Members with approved algorithms must participate at least one trading day monthly and such participation shall be audited and reported in the System Auditor's report; exchanges must provide daily logs to members and a summary to the regulator in the monthly development report.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Simulated test environment optionalizes mandatory mock trading sessions; exchanges must provide access and monthly reporting.
Mandatory mock trading sessions become optional if a Recognised Stock Exchange provides a simulated test environment available to all members, for at least two hours after market hours on at least two trading days weekly, with data from at least one trading day in all segments not older than one month. Members with approved algorithms must participate at least one trading day monthly and such participation shall be audited and reported in the System Auditor's report; exchanges must provide daily logs to members and a summary to the regulator in the monthly development report.
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