MCX Stock Exchange Limited
Currency Derivatives Segment
Market Operations - Trading Department

 
Circular No. MCX-SX/TRD/426/2010

 August 26, 2010

 

Mock Trading on Saturday, August 28, 2010

 

In terms of provisions of the Rules, Bye-Laws and Regulations of the Exchange, members of the Exchange are notified as under:

Exchange is conducting a Mock Trading on Saturday, August 28, 2010 as per the specification contained in the SEBI Circular CIR/DNPD/5/2010 dated July 30, 2010, on Options on USD-INR Spot Rate, to enable members to familiarize themselves with trading in Currency Options. Members may note that the official trading will be commenced subject to regulatory approval.

Procedure for downloading files for participating in mock trading has been specified in Annexure-1 and relevant information about Currency Options contracts is specified in Annexure -2.

Members are requested to verify the downloaded reports generated from mock trading with their modified back office software as per the revised file format detailed in circular no.MCX-SX/IT/387/2010 dated July 13, 2010. 

Schedule for Mock Trading:

 

 Particulars

Timings

Log-in time

09.30 am onwards

Mock trading timing

10.00 am – 12.00 pm

Trade modification end time

12.15 pm

Give-up approval end time

12.15 pm

 

 Live Re-login Activity:

 

 Particulars

Timings

Live Re-login start time

01:00 pm

Live Re-login close time

01:30 pm

  

Members may note that the trades resulting from such mock trading will not attract any margin obligation, pay-in and pay-out and do not create any rights and liability on members. Members are requested to participate actively in the Mock Trading Session. The successful completion of the mock trading session shall be intimated to members through a message broadcast during re-login time as per the above schedule.
 

For any clarifications, contact Customer Service Desk on 022-67319010 or send email at customerservice@mcx-sx.com

 

For and on behalf of

MCX Stock Exchange Limited  

 

Ayanansu Panda

Asst. Vice President

 

Encl: As above

 

Annexure-1

 

      Steps for downloading files for participating in Mock Trading.

a)      Members are advised to log-in to the Member-Administrator and Trader Workstation with the same user id and password as being used in the Live environment

 

b)      For Internet, Lease Line & VSAT users           

    ·         Download all the files kept in the common \Setup\Mock Setup folder in the FTP

          (Extranet) Serverusing address ftp://192.168.13.84 for downloading   through VSAT/Lease Line

          and ftp://ftp.mcx-sx.com for downloading through Internet to the members System. Files can be

          downloaded any time through Internet or can be downloaded through VSAT / Leased Line from

          August 27, 2010 after trading hours.

 

    ·         Double click MCX-SXTWSCLIENT10.msi. It will install the MCX-SX TWS

 

 §  After installation open MCX-SX Trader Workstation Test and follow below mentioned steps:

·         Go to Toolsŕ System configuration

·         Select Mode of Connectivity as “Internet” if connecting through internet and “Dedicated” if connecting through VSAT or Lease Line.

·         If Mode of Connectivity is selected as “Dedicated” select Market Data Updates as Normal

·         After selection click on Modify.

·         System will set the Mode of Connectivity and Market Data Updates settings automatically and application will get closed.

·         Start MCX-SX Trader Workstation Test and login to the mock environment of MCX-SX.

 

    ·         Double click MCX-SXMEMADMIN10.msi. It will install new MCX-SX Member

         Administrator for mock Version 10.1.5

 

 §  After installation open MCX-SX Member Administrator Test and follow below mentioned steps:

·         Go to Toolsŕ System configuration

·         Select Mode of Connectivity as “Dedicated”.

·         Select Market Data Updates as “Normal”.

·         After selection click on Modify.

·         System will set the Mode of Connectivity and Market Data Updates settings automatically and application will get closed.

·         Start MCX-SX Member Administrator Test and login to the mock environment of MCX-SX

c)    CTCL users

        Necessary updates will be provided by empanelled vendors.

 
 
Annexure-2

Three in-the-money, three out-of the-money and one near-the-money strikes would be provided for all available contracts for mock trading having SEP 2010, OCT 2010, NOV 2010, DEC 2010, MAR 2011 and JUN 2011 expiry.

 
----------------------------------------------- Registered & Corporate office -----------------------------------------------------
MCX Stock Exchange Limited
2nd Floor, Exchange Square Suren Road, Chakala, Andheri (East), Mumbai – 400 093
Tel.: 022 – 67319010, Fax: 022 – 6731 9103

www.mcx-sx.com email: customerservice@mcx-sx.comm