Following a ‘technical glitch’ on July 10th which resulted in downtime at the NSE (National Stock Exchange of India Ltd), the Exchange has scheduled a live business continuity exercise.
The exercise will commence on July 29th with a mock trading session taking place at NSE’s disaster recovery facility. This will be followed by live trading from the facility on July 31st and August 1st.
Following the July 10th incident SEBI, the Securities and Exchange Board of India, met with senior officials from the NSE to determine the causes of the downtime and to put in place measures to ensure that there is no repeat. As a result of the meeting, SEBI asked NSE to conduct a review of its business continuity plans. The forthcoming exercise is part of this process.