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Futures Industry Disaster Recovery Test Briefings September 16, 2010 “DR VII” Prepared and Moderated by John Rapa, CBCP Tellefsen and Company, L.L.C . AGENDA. Introduction and Welcome Testing Goals and Objectives Review of Testing Protocol Member Firm Readiness Discussion

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Futures IndustryDisaster Recovery Test BriefingsSeptember 16, 2010“DR VII”Prepared and Moderated byJohn Rapa, CBCPTellefsen and Company, L.L.C.


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AGENDA

  • Introduction and Welcome

  • Testing Goals and Objectives

  • Review of Testing Protocol

  • Member Firm Readiness Discussion

  • Timeline and Next Steps

  • Open Q&A


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I. INTRODUCTION AND WELCOME

Our Panelists Today:


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II. TESTING GOALS AND OBJECTIVES

  • Test the basic ability to conduct business (order entry through clearing) from alternate/back-up facilities simultaneously

  • Test disaster recovery capabilities among futures commission merchants, back-office service providers, recovery services providers and trading system vendors

  • Test the connectivity between exchanges, clearinghouses and their constituents’ back- up facilities (“back-up to back-up”), and confirm member firms’ ability to send/receive information to/from their back-up facilities/interfaces

  • Test end-to-end processing by exchanges through to, and including clearing houses; process actual test trades, produce test end of day reports with the test data.


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GOALS AND OBJECTIVES … Continued

  • Enter a small but meaningful sampling of orders and trades, carried out by a limited number of essential personnel from alternate locations

  • Confirm the receipt/transmission of information to/from clearing members

  • Transmit key clearing reports and information to clearing firms to verify “round-trip” communications.


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III. REVIEW OF TESTING PROTOCOL

  • Exchanges will specify products available for order entry/trading

  • All exchanges will use their electronic trading venues for the test and process test data through to end-of-day reports for clearing members. Testing will take place between 9:00 AM and 3:00 PM EDT, unless otherwise specified.

  • The FIA will manage the test via an open conference bridge (conference bridge number to be announced)

  • Member firms will confirm connectivity with their respective exchanges/clearinghouses:

    • Pre-test connectivity testing will be offered, as applicable

  • Unless so noted, firms will execute a pre-defined script of orders. Firms will use test accounts

  • Exchanges will generate fill reports on the orders

  • All firms will report results and confirm post-test production connectivity to the respective exchanges.


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CBOE FUTURES EXCHANGE (CFE)

  • Will use CBOEdirect back up ETS

  • Trade entry via scripts:

    • Products to be traded: VIX futures

  • Pre-test requirement - Users must register via the FIA website and establish back-up connectivity to CFE via the CBOE API Client Relations Group

  • Order entry systems will reflect October 23rd trade date:

    • Will accept either October 22nd or October 23rd trade date on order input.


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CBOE FUTURES EXCHANGE (Cont’d)…

  • The session will open at 9:30 AM EDT

  • Transmission of trades to OCC via MQ

  • Transmission of regulatory data to NFA via SFTP

  • Pre-test connectivity tests will be offered on Tuesdays and Thursdays in October and on an ad-hoc basis. Please contact us to schedule a date/time

  • Test plans will be distributed by August 31st.

  • Contact CBOE Client Relations Group with any test related questions: 312 786 7300.

  • Todd Furney contact info:

    • 312 786 7824, furneyt@cboe.com


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CHICAGO CLIMATE FUTURES EXCHANGE (CCFE)

  • CCFE markets (hosted by ICE and SDS) will be available from the Disaster Recovery sites for front end trading application testing

  • The following Markets have been selected for trading and will be in a pre-open state by 6:45am CDT and open at 7:00am CDT Saturday 10/23:

    • CCFE RGGI Futures and Options Contracts

    • CCFE SFI Futures and Options Contracts

  • Futures and options markets listed above will remain open until 12:00 noon CDT on 10/23

  • CCFE’s block trade reporting system will be available to test

    Who is eligible to Participate?

  • All existing customers with valid trading IDs are welcome to participate; registration is not required

    • Valid user ID and production password will be used for login


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    CHICAGO CLIMATE FUTURES EXCHANGE (Cont’d) …

    Can I test connectivity to DR prior to October 23rd?

    • Ping Test Overview and Connection Summary:

      • The DR sites will be available to test login on Saturday, 10/02 from 9:00 AM EDT – 12:00 PM EDT

      • All futures and options markets will be closed and only system login will be tested:

        How will the exchange be handling trades submitted on 10/23?

    • Testing Administration and Support:

      • The CCFE Trader Support lines will be available from 7:00 AM CDT through 12:00 noon CDT

      • At the end of the DR testing period, all futures and options trade data will be purged by the exchange

    • Clearing Information:

      • All CCFE trades executed during the test will be submitted to the Clearing Corporation backup site and later purged by TCC.

    • Contact Info: Michael Stern mstern@ccfe.com 312-229-5151


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    CME GROUP

    There will not be any Open Outcry testing

    All communications to CME Group from the firms should be through the GCC (312.456.2391) or CME Group’s Clearing Support Team (312.207.2525).

    Clearing reports will not be produced on the day of the test. They will be available to firms that wish to see them during the week following the test.

    Ping testing dates are on Saturdays 9/18 and 10/2.


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    CME GROUP - GLOBEX

    Will use GLOBEX via remote data center

    Firms must register via the FIA website

    Questions may be directed to CME Group’s Business Continuity Team – BCP@cmegroup.com

    Members should call the GLOBEX Control Center at (312) 456-2391 to report any trading problems encountered throughout the test

    Trades will be processed through to the appropriate clearing organization.


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    CME GROUP GLOBEX (Cont’d)…

    Verify firm connectivity:

    All GLOBEX Markets will be open at approximately 7:30 AM EDT.

    Any trades done prior to the start of the test will not be captured

    October 22ndor October 23rd are valid order entry dates.

    All fills will be sent back to the Firms with the trade date of October 22nd.

    Firms can send a test order in any market they wish.


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    CME GROUP GLOBEX (Cont’d)…

    Order entry via test script as follows:

    Enter bids as customer and offers as house at the settlement price in the market you choose

    Enter about 10 trades

    Firms may use any market they want. Firms should send orders in on ‘Floor Only Contracts, like the SPH1 that will be listed on GLOBEX for the test

    Firms may receive crossed trades and/or trades with other counterparties

    Trade reporting to firms’ back office systems:

    Should be verified and then deleted.


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    CME GROUP - CLEARING

    Change FTP IP address to CME’s remote site IP address to connect to CME FTP server via RDC:

    Using Friday’s data, FTP the PCS and Large Trader reports

    CME staff will verify receipt and then delete them

    CME will transmit Thursday’s Trade Register and SPAN files

    Firms will verify receipt of these files and delete them

    Connect to RDC URL and enter a block trade for:

    5000 EDH @9900.0

    CME staff will verify receipt of the block trades and then delete them

    CME staff will submit a series of OTC trades via ClearPort


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    CME GROUP CLEARING (Cont’d)…

    Contact CME Clearing Support (CCS) team at (312) 207-2525 to obtain CME Production IP address, RDC IP address or RDC URL address

    Switch back to CME production site IP address at test conclusion

    Finally, firms should contact the GCC at (312) 456-2391 to recap the test results.


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    ELX FUTURES (ELX)

    • ELX will be conducting the test from multiple locations

    • Firms should verify connectivity via Ping testing. Contact ELX Support to set up a ping test with ELX.

    • Trade date will be October 22nd

    • Testing will occur 9:00am – 12:00 pm ET on Saturday, Oct. 23, 2010

    • All ELX UST and Eurodollar futures products will be available via eSpeed or supported API’s – No BLK or EFP type trades will be accepted.

    • OCC will provide an end-of-day file for ELX test trades

    • Specific testing guidelines will be provided to registrants – script will be a simple enter bid – hit bid scenario

    • Post-Testing: Testers should confirm transmission of trades via the OCC to their respective back offices. ELX Support will be available to confirm trade details via EIS system

    • All questions should be directed to the ELX Support - 212-294-7771,877-359-6610 (U.S. only) or support@elxfutures.com


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    ICE EXCHANGES

    The ICE Exchange will be available from the Disaster Recovery site in Atlanta for front end trading application testing

    Markets will enter a pre-open state by 12:00 AM EDT and open at 9:00 AM EDT on Saturday 10/23:

    ICE Futures US Sugar11

    ICE Futures US Russell 2000

    ICE Futures Europe WTI

    ICE Futures Canada Canola

    Note: All OTC and NGX markets will be open and running in production mode throughout the testing

    ALL TRADES IN OTC MARKETS WILL BE HONORED

    No test trading in any OTC markets permitted during FIA test

    Futures markets listed above will remain open until 12:00 PM EDT on 10/23

    Non-trading applications will be available during testing

    All ICE web reporting (deal reports, position reports, etc) accurate based on test trading activity

    ICE Block will be available during testing


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    ICE EXCHANGES (Cont’d) …

    All existing customers with valid trading IDs are welcome to participate; registration is not required

    Valid user ID and production password will be used for login

    Ping Test Overview and Connection Summary:

    Atlanta DR site will be available to test login on Saturday, 10/02 from 9:00 AM EDT – 12:00 PM EDT

    All futures markets will be closed and only system login will be tested:

    OTC markets will be open for production trading – no test trades permitted

    Review the connection guidelines for the disaster recovery site:

    https://www.theice.com/publicdocs/technology/ICE_Firewall_Proxy_Requirements.pdf

    No network, DNS, or IP changes will be required to connect to the DR site during the ping test or the FIA DR Test

    All connection types will be available for ping and DR tests:

    Connections to DR will be available by 12:00 AM EDT on the day of the test


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    ICE EXCHANGES (Cont’d) …

    Testing Administration and Support:

    All participants MUST clean up all backend system data after testing

    No futures trades performed during testing hours will be valid.

    All OTC and NGX markets are open and all trades are live – NO TEST TRADING IN OTC MARKET

    The ICE Helpdesk will be available from 8:00 AM EDT through 1:00 PM EDT at the main phone number listed on the ICE website

    At the end of the DR testing period, all futures trade data will be deleted from the ICE Exchange and databases and no record of the day’s transactions will persist

    Clearing Information:

    All ICE Futures US trades will be submitted to the ICE Clear US backup site

    All ICE Futures Canada trade submission to the KCBOT backup site being evaluated

    ICE Futures Europe and OTC cleared trades will not be submitted to ICE Clear Europe.


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    ICE CLEAR US

    Firms must register via the FIA website

    Trade date will be Saturday, October 23rd

    Clearing members will use production URLs for the following clearing applications:

    - AFTS - ECS

    - PTMS/ACT - eReports (Crystal)

    TIPS uses a different DR URL and hostname – see the documentation distributed to clearing members prior to the test

    MQ changes will be completed prior to the start of the test.


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    ICE CLEAR US (Cont’d)…

    Ping Testing

    Clearing members must verify connection to online clearing applications, using production URL’s.

    • Ping testing will be conducted on Saturday, October 2 from 9-12 EDT

    • These applications include:

      - AFTS - TIPS

      - PTMS/ACT - ECS

      - MQ - eReports

    • For MQ, Clearing members must verify connection by sending an MQ ping through their channel.


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    ICE CLEAR US (Cont’d)…

    ICE Clear US applications will be available at 8:00 AM EDT on Saturday, October 23rd

    BCP/DR support staff will be available up to and including test day. Please direct any questions to ICEClearUS@theice.com

    ICE will make a conference bridge available to clearing members on test day. Details will be distributed to registered CM participants prior to the test day.

    Beginning at 1:00 pm EDT ICE will revert all trading and clearing applications, including MQ channels, back to production.

    An advisory will be sent to test participants and announced on the ICE and FIA bridge call.

    Clearing members are strongly encouraged to confirm their reconnection to production at the conclusion of the testing.


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    ICE CLEAR US (Cont’d)…

    Test Cases – Test Day

    - Clearing members will use the post trade management systems (PTMS/ACT and TIPS) to accept test trades passed through to clearing by the ETS and option trades loaded by the exchange.

    Clearing Members will login to ECS and eReports to verify connectivity

    Test Files & Messages

    FIXML trade messages will be sent to CMs via MQ

    CMs will access AFTS to deliver and receive files (production files from Friday, October 22nd)

    PCS and Large Trader

    Match off files

    Clearing Reports (latest instance only eReports and AFTS)

    SPAN file (available through AFTS and CME web site)

    CM’s are required to complete and submit the checklist of results.


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    ICE CLEAR EUROPE

    • Firms must register via the FIA website

    • Verification of connectivity between firm and DR site via ping testing is scheduled for Saturday, October 2nd from 9-12 PM EDT

    • Trade date will be Saturday, October 23rd

    • Clearing members will use production URLs for the following clearing applications:

      ECS (https://euclearing.theice.com/trade/login)

      AFTS (https://euafts.theice.com and SFTP)

      Crystal Reports (https://euclearingreports.theice.com)


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    ICE CLEAR EUROPE (Cont’d)…

    • ICE Clear Europe applications will be available at 8:00 AM EDT on Saturday, October 23rd

    • No IP address changes will be necessary to connect to ICEU applications, including:

      - ECS

      - AFTS

      - Crystal Reports

    • BCP/DR support staff will be available up to and including test day. Please direct any questions to ICEClearEurope@theice.com

    • ICE will make a conference bridge available to clearing members on test day. Details will be distributed to registered CM participants prior to the test day.

    • At 1:00 PM ICE will revert all trading and clearing applications back to production. An advisory will be sent to test participants and announced on the ICE conference bridge call.


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    ICE CLEAR EUROPE (Cont’d)…

    • Test Cases – Test Day

      • Trades executed on the test day will not flow into clearing systems, as the TRS/CPS systems are not within the scope of this test.

      • Members will be able to instruct bank transaction in ECS (banking instructions will NOT be sent to SWIFT), put and take reports and LGTR files from AFTS, and pull reports from eReports (Crystal).

      • Clearing members must demonstrate their ability to log into AFTS, eReports, and ECS to pass this portion of the test.

    • Test Files:

      • CMs will submit Large Trader files via AFTS (production files from Friday, October 22nd)

      • Banking and delivery reports delivered through AFTS

      • Banking and delivery Reports delivered through Crystal reports

      • SPAN file (available through AFTS and ICE web site)


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    INTERNATIONAL DERIVATIVES CLEARING GROUP(NFX/IDEX & IDCH)

    • Ping testing should be scheduled by the Member with IDCG.

    • Ping testing will be offered on September 25th, with an optional date of October 2nd

    • Will use the IDEX XT trading system from the DR site.

    • Trade orders can be received at IDEX Market Operations.

    • Trades can be reported and automatically matched and executed with a trade date of Saturday, October 23rd

    • Trade confirmations will be generated and transmitted to firms.

    • NFX/IDEX trades will be automatically processed for clearing and settlement to the IDCH.

    • Firms must notify the IDCG Market Operations Group upon completion of the test via phone (212-933-9800) or email marketoperations@idcg.com

      • Contact information for testing:

        Gerard Kopera(Director of Operations) 646/867-2537,

        Gerard.kopera@idcg.com

        Gino DiCarlo (Principal Network Engineer) 646/867-2533

        Gino.DiCarlo@idcg.com


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    KANSAS CITY BOARD OF TRADE (KCBT)

    • Two components of Kansas City Board of Trade test:

      • Injection of GLOBEX trades into KCBT clearing remote data center

      • Entry of open outcry trades into KCBT clearing remote data center

    • For GLOBEX portion of test:

      • Refer to CME Group information for hours and procedures on CME GLOBEX.

      • Trades will be injected from GLOBEX to KCBT clearing

      • Trade date sent from GLOBEX will be October 22nd

      • Enter bids and offers in KCBT Wheat (KE), Value Line (MV) or Wheat Options (OKE) at the previous day’s settlement price (this will ensure your trade matches with other participants). Either October 22nd or 23rd may be used for trade date, but the KCBT Clearing Corporation will be running on a business date of October 23rd.


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    KANSAS CITY BOARD OF TRADE (Cont’d) …

    • KCBT open outcry portion of test:

      • KCBT Clearing will contact designated firm representatives for KCBT and provide details on trades that will need to be entered for open outcry

      • Request that each firm work with their people responsible for daily interaction/operation at KCBT to ensure continuity of documentation and communication

      • Clearing login information and instructions have been provided to those responsible for interaction with the KCBT/KCBT Clearing Corp.

      • Clearing will determine any pre-testing requirements with firms

    • Upon completion of trade entry for GLOBEX and open outcry, trades files will be generated and be made available for download.

    • NOTE: Failover from KCBT primary data center to remote data center uses DNS. Firms requiring explicit IP information should work directly with KCBT Clearing to ensure connectivity.


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    MEFF

    • Trade date will be Saturday October 23rd

    • Will use the MEFF production ETS environment

    • Members will be able to trade

    • During the test MEFF will failover to the backup system

    • Once the failover is complete, members will be able to continue trading

    • Members will be able to get reports of their trades

    • Back office systems will be prevented to enter this test

    • MEFF contacts:

      • Enric Padro – epadro@meff.com (+34 93 412 1128)

      • Arturo Pinera – apinera@meff.com (+34 91 709 5503)


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    MINNEAPOLIS GRAIN EXCHANGE (MGEX)

    • Firms must register on the FIA website to participate in MGEX clearing test.

    • Firms having technical issues with MGEX clearing may call the MGEX Clearing group at (800)827-4746(option 3 then option 1), for support.

    • Trades entered for MGEX products into the CME GLOBEX platform will be cleared by MGEX Clearing using the MGEX DR Site. There will be no MGEX Open Outcry testing.

    • Trade date should be the previous day’s date (October 22nd).

    • After Trade Entry is completed, trade files (TREX files) will be generated by the MGEX DR Clearing Server and placed on the MGEX DR FTP server. The MGEX DR FTP server is accessible via IP with the same logins and passwords as the production system. Please contact MGEX Clearing group for information or support pertaining to the MGEX DR site.


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    NASDAQ FUTURES EXCHANGE (NFX)

    • Ping testing will be offered on September 25th. If required, a follow up test will occur on October 2nd.

    • Will use the NFX/XL trading system from the primary site

    • Trade orders will be received at NFX/XL Help Desk

    • Trades will be automatically matched and executed with a trade date of Friday, October 22nd

    • Fill reports will be generated and transmitted to firms

    • NFX Trade File will be processed for clearing and settlement

    • Firms will notify the NFX upon completion of the test via Phone (212-231-5052)


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    BOURSE DE MONTREAL (MX)

    • MX will recover to its Toronto Back-Up Site

      • Firms will verify connectivity and can send/receive messages

      • No network, DNS, or IP changes will be required to connect to the DR site during the ping test or the FIA DR Test

      • Firms must register via the FIA website

    • MX Markets will be in Pre-Opening state. This will happen at approximately 10:00 AM EDT

      • No trades will occur during the Pre-Opening period

      • MX Market test are completely automated

    • The market will open 10:30 AM EDT

      • Orders must be entered with a October 23, 2010 Trade Date (day orders only)

      • Broadcast of trades transmitted to firms via SOLA Trading protocols (HSVF, ATR)

      • No trades performed during testing hours will be valid

      • All participants MUST clean up all backend system data after testing

      • CDCC will not be participating in FIA DR Test


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    BOURSE DE MONTREAL (Cont’d) …

    Important Dates

    • Connectivity testing will be offered on September 25, 2010

      Contact

    • Contact Constance Metcalfe with any test related questions: 416-947-4259 constance.metcalfe@tsx.com


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    OPTIONS CLEARING CORP. (OCC)

    OCC will test from their DR site

    Pre-testing will take place on October 2nd.

    In order to test from your DR/alternate site, OCC requires the following mandatory information:

    Identify if you will be testing from DR or Production for the pre-test; the main test

    Confirm all connectivity method(s) that apply (e.g., FTP+ Pull/Push, NDM, MQ)

    Provide test day contacts for each of the connectivity methods selected above

    Provide IP addresses of your DR location (per service/host)

    DR Node (NDM and FTP+ Push testers) with login ID and password

    Port Number (NDM, FTP+ Push, and MQ testers)

    Identify any MQ configuration changes from your production environment

    Provide the dataset name you will use for testing outbound (from OCC) transmissions

    Do you send inbound transmissions directly to OCC?

    If Yes: Dataset name you plan to send to test Inbound (to OCC) transmission (if applicable). Please use a production dataset name with a trailing “.test”.

    If No: No action required.


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    OPTIONS CLEARING CORP. (Cont’d) …

    Test scripts will be issued to all registered participants

    All IP addresses and TCP Ports for the OCC will remain the same as they are in production for this test

    Firms can receive outgoing file transmissions from the OCC. OCC will provide test files as .txt output files.

    Firms can submit incoming file transmissions to the OCC (only if your firm transmits files to OCC in production).

    When all testing is complete, email your confirmation to occDRtest@theocc.com

    ENCORE will be available for testing, but is not a requirement to successfully test with OCC

    Should you have any questions prior to or on the scheduled test day, feel free to contact your Member Services Representative at (800) 621-6072 option 2.


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    EXCHANGE AND CLEARING HOUSE TESTING MATRIX

    • CBOE Futures Exchange and CME will accept either October 22 or October 23 trade dates on order input..

    • + CME will accept previous day (October 21) large trader report information.


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    EXCHANGE AND CLEARING HOUSE TESTING MATRIX

    • CBOE Futures Exchange and CME will accept either October 22 or October 23 trade dates on order input..

    • + CME will accept previous day (October 21st) large trader report information


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    PRE-TEST COMMUNICATIONSTESTING SCHEDULE

    • September 18th: CME Group

    • September 25th: Clearing Corp., IDCG, Bourse de Montreal

    • October 2nd: CME Group, ICE Clear US, ICE Clear EU, ICE Exchanges, MX, NASDAQ Futures, OCC

    • Ad hoc testing: CBOE Futures (Tuesdays, Thursdays); IDCG at participant / member request.


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    IV. MEMBER FIRM READINESS

    • Discussion with member firms as to their state of readiness:

      • Back-up systems/communications links

      • Order entry and routing

      • Give up processing

      • Clearance and settlement

      • Use of third party service providers

    • Major issues or concerns

    • Info on 2010 SIFMA DR Test

    • Status and Potential Impact of Proposed CFTC Rulemaking on BCM Standards.


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    V. TIMELINE AND KEY DATES


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    6 WEEKS TO GO !