The National Stock Exchange (NSE) on June 19, 2023, issued a notification regarding Test Market Environment - Consolidated Circular.
Various circulars were issued by the Exchange over the period of time. In the view of same, this Consolidated circular is prepared which is a compilation of subsequent circulars and communications issued by the Exchange during the period April 01, 2020, to March 31, 2023 w.r.t. the Test Market Environment in the Capital Market (CM)Futures & Options (FO) Currency Derivatives (CD), Commodity Derivatives (CO) and Securities Lending and Borrowing Market (SLBM) segments which are accessed by Members of the Exchange, Empanelled Vendors (EV), Application Service providers (ASP's) and registered Foreign Independent Software Vendors (FISV's) for development and testing of various Non-Neat Frontend (NNF) applications.
In this regard, members may please note the following-
- All registered members shall be eligible to have a set of user ids in the test market environment without any charges for connecting via existing modes of connectivity ie. LL and Colocation facility. (A set shall comprise of 1 corporate manager id, branch manager Id and 2 dealer ids in each segment) Members have to apply to the Exchange for user IDs in the Format as per Annexure 1.
- Registered members requiring an additional set of user IDs on existing modes of connectivity i.e. LL and Colocation, have to apply to the Exchange in the format as per Annexure 1 and pay charges of Rs. 50,000/- applicable taxes per annum for each additional set. (A set shall comprise of 1 corporate manager id branch manager id and 2 dealer ids in each segment).
- EVs/ASPs/FISVs shall be provided access to the test market environment using a dedicated lease line. The prerequisites and the process to be followed for providing access to Empanelled Vendors/ASP/FISVs are attached as Annexure 2.
- EV's/ASP's/FIV's applying for access to the test market shall be required to submit an application as per Annexure 3 and undertaking as per Annexure 4 The EVs/ASPs/FIVs shall be allotted 1 set of user id's (1 set shall comprise 10 dealers id's1 Corporate Manger user id and 1 Branch Manager user Id's in each segment) They shall be required to pay charges of Rs. 2,50,000/- applicable taxes per annum for 1 set of user id requested
- As ASPs cater to setups of multiple members, they require user ids across multiple member codes for testing. Accordingly, the ASPs shall be eligible for having 10 Member codes in the test market environment in a set. Thus they shall be eligible for receiving 10 Corporate Manager IDs and 10 Branch Manager lids (1 for each TM code) and a total of 10 dealer user IDs in each set applied for.
- EVs/ASPs/FISVs requiring an additional set of user ids will be required to pay Rs. 2,50,000/- applicable taxes per annum for availing additional set and/or additional connectivity of user ids by submitting an application as per Annexure 3.
- Prospective members shall be allowed to connect to the test market environment using a dedicated leased line similar to access provided to the existing EVs, ASP and FISVs. The prerequisites and the process to be followed for providing such wess are attached as per Annexure 5. Members shall be allowed to extend/provide access to the facility to their existing/prospective clients for developing applications.
[Notification No. NSE/MSD/57165]
