FUTURES & OPTIONS OPERATIONS

CIRCULAR

Circular No.: NSE/F&O/096/2008 Date: September 11, 2008

Download No. NSE/FAOP/11286

Dear Members,

Sub: Mock trading on Saturday, September 13, 2008

NEAT Plus Version 3.1.8

The Exchange will be conducting mock trading session in the Futures & Options Segment on Saturday, September 13, 2008 as per the following schedule:

Mock Trading on Saturday, September 13, 2008	Time (hrs)
Normal Market open time	10:00
Normal Market close time	12:00
Pre-open Time	12:10
Normal Market Re-Open time	12:15
Normal Market close time /Position Limit/Collateral value Set up cut off time	13:15
Trade modification end time / Exercise Market Close time	13:30
Live Re-login start time	16:00
Broadcast of mock successful / unsuccessful message	16:10
Live Re-login close time	16:30

Member are cautioned to note that upon successful mock trading, new NEATPlus Version 3.1.8 will be implemented in live environment with effect from Monday, September 15, 2008 and thus without installation of this new version, NEAT Plus users will not be able to trade on Monday, September 15, 2008.

Important note for users with IP connectivity

Members with IP connectivity may kindly note that new version of TAP software 3.1.1 is going to be released with the mock trading. Members may kindly refer to circular NSE/F&O/098/2008 dated September 11, 2008 for more details.

The following operational instructions are annexed herewith:

Annexure - 1: Important instructions regarding mock trading session

Annexure - 2: Installation procedure for NEATPlus (Version 3.1.8)

Annexure - 3: Precaution and procedure for reverting to earlier version

For any clarifications, members are advised to contact the following officials:

Mr. Sachin Dhar and Mr.Janardhan Gujaran on 26598151 and 26598152 .

For and on behalf of

National Stock Exchange of India Ltd.

Suprabhat Lala

Assistant Vice President

ANNEXURE – 1

Important Instructions regarding mock trading

1. Trades resulting from the mock trading session shall not attract any obligation in terms of funds and / or securities pay-in and pay-out. Members are also requested not to transfer any data files for this mock trading session.

2. Interactive reports from the trader workstation (TWS) for trades done on Friday, September 12, 2008 will be available only till 11 P.M. on Friday, September 12, 2008. Members are advised to take the download of reports within the prescribed time.

3. The successful / unsuccessful outcome of the mock trading session shall be intimated to members through a message broadcast as per mock trading schedule above. Members are advised to also refer to the website of NSE at www.nseindia.com for any information which may be updated by the Exchange on the mock session

4. Members using NEAT, NEATPlus and CTCL facility (using their CTCL software) are advised to participate actively in the mock trading sessions and are required to re-login into live environment during the above mentioned timings to check the connectivity and also to avoid login problems on Monday, September 15, 2008.

ANNEXURE – 2

Installation procedure for new version of NEATPlus (Version 3.1.8)

Precautions:

• Members are advised to install the new version only after end of live trading hours and after all end of day activities have been completed on Friday, September 12, 2008.
• Members are advised to take back up of all report files before upgrading the software.

Installation:

· Installation files shall be available after 5 PM on Friday, September 12, 2008.

• Installation files can be downloaded from NSE EXTRANET path faoftp/faocommon/NEATPlus318
• Download the setup file ‘NEATPlusTWSSetup.exe’ to your hard disc in the root directory (i.e. C:\ or D:\ or E:\).
• Go to the drive where NEATPlusTWSSetup.exe is copied.
• Double click on the NEATPlusTWSSetup.exe.
• The files will be extracted with the window pop up ‘NEATPlus TWS Installer extracting files’.
• It will be followed by ‘NEATPlus Installer’ pop up window. Installation drive (where application will be installed) will be C: by default.
• The user can change the default installation drive to any other local drives (e.g. D: or E:)
• Click on ‘Install’ button on this pop up window and follow the installation instructions.
• Message of successful installation will be displayed once the complete application is installed.
• The user can run NEATPlus TWS application by double clicking on either of the following:

1. NEATPlus TWS shortcut icon created on the desktop.
2. NEATPlus TWS entry in the ‘Programs’ sub-menu of the ‘Start’ menu.
3. NEATPLUS.exe located in the NeatPlusDB-TWS directory in the installation drive.

Updating the new version with latest data:

· Download following files from NSE EXTRANET path /faoftp/faocommon/ onto the logon drive:

1) contract.gz

2) fo_participant.gz

3) security.gz

4) participant.gz

5) Portf_files.zip (from /faoftp/faocommon/NEATPLUS/)

§ Unzip the above files

§ From the log on screen click on the “UPLOAD” button to update the contract, security, participant and portfolio details.

Note: It is mandatory to upload the Portf_files

ANNEXURE – 3

Precautions and procedure for reverting to earlier version

These instructions are required to be followed to ensure that members are able to revert back to old version of NEATPlus and trade efficiently on Monday, September 15, 2008 in the unfortunate event of the mock being declared unsuccessful.

Steps to be followed for reverting to old version of NEATPlus:

• Download the set up file for old version ‘NEATPlusTWSSetup.exe’ from NSE EXTRANET path faoftp/faocommon/NEATPlus317 to your hard disc in the root directory (i.e. C:\ or D:\ or E:\). If prompted, choose to overwrite the existing file. Kindly choose the same drive where the proposed new version was installed.
• Go to the drive where NEATPlusTWSSetup.exe is copied.
• Double click on the NEATPlusTWSSetup.exe.
• The files will be extracted with the window pop up ‘NEATPlus TWS Installer extracting files’.
• It will be followed by ‘NEATPlus Installer’ pop up window. Installation drive (where application will be installed) will be C: by default.
• The user can change the default installation drive to any other local drives (e.g. D: or E:)
• Click on ‘Install’ button on this pop up window and follow the installation instructions.
• Message of successful installation will be displayed once the complete application is installed.
• The user can run NEATPlus TWS application by double clicking on either of the following:

4. NEATPlus TWS shortcut icon created on the desktop.
5. NEATPlus TWS entry in the ‘Programs’ sub-menu of the ‘Start’ menu.
6. NEATPLUS.exe located in the NeatPlusDB-TWS directory in the installation drive.

• From NSE EXTRANET path /faoftp/faocommon download contract.gz file and unzip it on your log on drive (this step is very important to ensure trading on Monday, September 15, 2008)

§ Copy all the files in the folder "NPCLIENTBACKUP" of the log drive to "BackUpDB-TWS" of the same log drive

§ From the log on screen click on the “UPLOAD” button to update the contract, security, participant and portfolio details.