SECURITIES INDUSTRY BUSINESS CONTINUITY TEST Saturday, June 7, 2008 Coordinated by Securities Industry and Financial Markets Association and Financial Information Forum VERSION DATE: 5/2/2008 1 TEST OVERVIEW Test Date: Saturday, June 7, 2008
BUSINESS CONTINUITY TEST
Saturday, June 7, 2008
Securities Industry and Financial Markets Association
Financial Information Forum
VERSION DATE: 5/2/2008
Equities DTCC FedWire Derivatives
Fixed Income Omgeo CHIPS
Options Market Data SWIFT
SunGard Phase 3
Alternative Trading Systems
Bank of New York
JP Morgan Chase
Philadelphia Stock Exchange
National Stock Exchange
Chicago Stock Exchange
The Options Clearing Corporation
American Stock Exchange
Chicago Board Options Exchange
International Securities Exchange
Philadelphia Stock Exchange
Boston Options Exchange
FT Interactive Data
WHO MAY PARTICIPATE?
The test is open to all securities firms providing they have pre-tested communications links from the backup locations they will use during the test through to the exchange and industry utilities sites.
WHAT BACKUP SITES ARE TO BE USED?
The objective of the test is to have all participants operate from their backup locations to the greatest degree possible. It is intended that firms will activate backup 1) data center, 2) operations and 3) trading sites.
WHAT STAFF IS REQUIRED FOR THE TEST?
Each participating organization will determine the number of employees necessary to conduct the test. There is no minimum or maximum staff size but, in keeping with the intent of the test, it is suggested that each firm assign some staff to backup 1) data center, 2) operations and 3) trading sites.
HOW DOES AN ORGANIZATION REGISTER FOR THE TEST?
An online registration system will be available on the SIFMA website in late March. Registrations must be submitted through this system by close of business Friday, May 2.
CAN FIRMS PARTICIPATE IN THE TEST THROUGH SERVICE BUREAUS?
Broadridge, Thomson Transaction Services, SunGard Phase 3, SunGard Brass, Fidessa, Townsend Analytics and Lava Trading are expected to participate. Clients of these service bureaus may participate providing that they have tested connectivity to the service bureau backup sites prior to the June 7 test.
WILL REGULATORS AND THE PRESS BE INVOLVED IN THE TEST?
Regulators will not participate directly in the test but, of course, have a significant interest in the overall results. SIFMA will brief the regulators prior to, during and after the test regarding the test process and the aggregate results. The press is not permitted to observe the conduct of the test. SIFMA will hold press briefings, issue press releases and conduct press interviews prior to and after the event.
WILL PARTICIPANT BRIEFING CALLS BE HELD?
There will be two briefing calls prior to the test where participants may ask questions. Representatives of the exchanges, markets and utilities will be available on these calls. Briefing calls are scheduled for Thursday, 4/24, 2:00 p.m. Eastern Time and Thursday, 5/22, 2:00 p.m. Eastern Time.
Howard Sprow (SIFMA) 212-618-0548, firstname.lastname@example.org
Questions regarding the Options component:
Joe Pellegrini (OCC) 972-501-8290, email@example.com
Questions regarding the DTCC component:
Anthony Pietanza (DTCC) 212-855-5682, firstname.lastname@example.org
Questions regarding the Omgeo component:
David Cutright (Omgeo) David.Cutright@omgeo.com
Questions regarding Service Bureaus and the Market Data component:
Arsalan Shahid (FIF) 212-422-8568,email@example.com
Questions regarding CHIPS:
David LaFalce (The Clearing Houise) David.LaFalce@theclearinghouse.org
Questions regarding FedWire:
Carl Lundgren (NY Fed) firstname.lastname@example.org
DOCUMENT CHANGE HISTORY Income:
3/13/2008 Initial release
3/18/2008 Corrected briefing call dates on Slide 9
3/24/2008 Added NSX on Slide 6
3/25/2008 Added CHX on Slide 6
4/24/2008 Added Derivatives on Slides 3 and 6
4/28/2008 Added LiquidPoint on Slide 6
5/1/2008 Added ReadQ, deleted Townsend Analytics on Slide 6