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Friday, September 22, 2017

Options Regulatory Alert #2017 - 50
Reminder: Nasdaq Announces Regulation SCI BC/DR Test Details

Category:

  • Regulatory

Markets Impacted:

  • Nasdaq ISE
  • Nasdaq GEMX
  • Nasdaq MRX
  • The Nasdaq Stock Market
  • Nasdaq BX
  • Nasdaq PSX
  • Nasdaq PHLX
  • The Nasdaq Options Market
  • Nasdaq BX Options

Contact Information:

Resources:

Designated Member

As announced in ERA #2017-1 and ORA #2017-3, Nasdaq will host its annual Business Continuity and Disaster Recovery Plan test on Saturday, October 14, 2017.

Regulation SCI requires that each SCI entity designate members/participants to take part in the annually scheduled Business Continuity and Disaster Recovery Plan test. While Nasdaq encourages all Members, Member Organizations, PSX Participants and Options Participants of its markets to participate in testing, each Nasdaq exchange has designated certain Members, Member Organizations, PSX Participants, and Options Participants (“Designated Members”), to participate in the annual Business Continuity and Disaster Recovery Plan test.

Pursuant to BX and NASDAQ Rules 1170, PHLX Rule 926 and Nasdaq ISE, Nasdaq GEMX and Nasdaq MRX Rules 803, Supplementary Material .02, Nasdaq’s exchanges have established standards for the designation of applicable Members, Member Organizations, PSX Participants and Options Participants that are required to participate in the annual Business Continuity and Disaster Recovery Plan test.

Nasdaq notified the Designated Members that are required to participate in this test in February 2017. If you are unsure whether your firm is required to participate, please contact U.S. Equities Market Operations (Trading Services) at +1 212 231 5180 or U.S. Market Operations – Options at +1 215 496 1571.

Nasdaq also plans to participate in the industrywide pre-test on Saturday, September 9, 2017. The test schedule will be the same as appears below. Members wishing to participate in the pre-test, please contact Trading Services for more information.

Testing Plan

Test Schedule

  • 09:00 AM ET – Pre-open Session Begins
  • 09:30 AM ET – Opening Cross, Market Hours
  • 10:00 AM ET – IPO “ZWZZT”
  • 10:30 AM ET – IPO “ZXZZT”
  • 12:00 PM ET – Closing Cross, After-market Session Begins
  • 01:00 PM ET – Trading Session Ends

System Availability

Nasdaq Markets (NASDAQ Market Center, NASDAQ BX, NASDAQ PSX, NASDAQ PHLX, NASDAQ BX Options, The Nasdaq Options Market, Nasdaq ISE, Nasdaq GEMX, and Nasdaq MRX) will be available for testing. All order entry methods and market data feeds will be available for testing via the Chicago Data Center.

Member Participation

Designated Members are encouraged to test and validate that their systems will function and perform appropriately in a disaster recovery event. For each exchange that a Designated Member will test, the Designated Member must register for the test by calling Trading Services at +1 212 231 5180. In addition, Designated Members are required to provide a confirmation of participation in the test as well as a checklist of activities performed.

  • Equities Members/Participants are encouraged to validate the following as appropriate to their BCP/DR plans.
  • Connectivity
  • Trading
  • Market Data
  • Opening Cross participation
  • IPO Participation (10:00 AM ET or 10:30 AM ET)
  • Closing Cross participation
  • After-market participation
  • Options Members/Participants are encouraged to validate the following as appropriate to their BCP/DR plans.
  • Connectivity
  • Quote Entry
  • Order Entry
  • Simple Order Entry
  • Complex Order Entry
  • Auction Order Entry
  • Trading
  • Opening Process participation

Please contact Equities Market Operations at +1 212 231 5180, U.S. Market Operations – Options at +1 215 496 1571, or U.S. Market Sales with any questions.


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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: business.nasdaq.com.