Mumbai, India – March 4, 2024 – BSE, Asia’s oldest bourse, on Saturday, successfully conducted live trading session with intraday switch over from Primary Site to Disaster Recovery site.

On this day, all exchanges and depositories — BSE, NSE, MSE, NSDL, CDSL did live operations from the primary site and on intraday basis switched to Disaster Recovery Site. In addition, ICCL and NCL carried out clearing from the primary site. On intraday basis, BSE’s clearing corporation, ICCL, operated from the alternative SAAS environment. In SAAS environment, trades are cleared by a Clearing corporation using the software of the other Clearing corporation which ensures mitigation of point of failure at software level.

Successful conduct of live session has created a hall mark in the history of financial markets as Indian markets have leapfrogged into creating benchmarks for Global markets. The entire efforts were driven by SEBI’s initiative, involved active collaboration amongst Stock Exchanges, Clearing Corporations and Depositories.

Quote from MD & CEO, BSE: With this exercise, Indian financial markets has achieved a new milestone which has put our markets significantly ahead of other markets. I appreciate SEBI’s initiative and drive to make our marketplace safe and secure.

Quote from MD & CEO, ICCL: Under the guidance of SEBI, this a significant milestone was achieved by the Indian financial markets and these initiatives are aimed at giving comfort to market participants in operating in the market with confidence.