Monday, February 26, 2018
Options Regulatory Alert #2018 - 5
Nasdaq Announces Regulation SCI BC/DR Testing
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Nasdaq will host its annual Business Continuity and Disaster Recovery Plan test on Saturday, October 13, 2018. Regulation SCI requires that each SCI entity designate its members/participants to take part in an annually scheduled Business Continuity and Disaster Recovery (BC/DR) Plan test. While Nasdaq encourages all Members, Member Organizations, PSX Participants and Options Participants of its markets to participate in testing, Nasdaq PHLX LLC (“PHLX” or “PSX”), The Nasdaq Stock Market LLC (“Nasdaq”), Nasdaq Options Market LLC (“NOM”), Nasdaq BX, Inc. (“BX”), Nasdaq ISE, LLC (“ISE”), Nasdaq GEMX, LLC (“GEMX”) and Nasdaq MRX, LLC (“MRX”) (collectively “Nasdaq Exchanges”) will designate certain Members, Member Organizations, PSX Participants, and Options Participants, as applicable, that are required to participate in the annual BC/DR plan test. Pursuant to BX and Nasdaq Rules 1170, PHLX Rule 926 and ISE, GEMX, and MRX Rules 803, Supplementary Material .02, the Nasdaq 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. These standards are as follows:
Participants who meet the criteria requiring participation in the annual Business Continuity and Disaster Recovery Test will be notified by February 28, 2018. If you have not received notification and wish to confirm you are not required to test, please call Market Operations at 1 215 496 1571. |
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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 $13 trillion. To learn more, visit: business.nasdaq.com.