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Tuesday, October 01, 2019

Options Regulatory Alert #2019 - 23
Reminder: Nasdaq Announces Regulation SCI BC/DR Test Details


  • Regulatory

Markets Impacted:

Contact Information:


As announced in ERA #2019-1 and ORA #2019-3, Nasdaq will host its annual Business Continuity and Disaster Recovery Plan test on Saturday, October 26, 2019.

Designated Members

Nasdaq notified the Designated Members that are required to participate in this test in March 2019; however, all members are encouraged to test. If you are unsure whether your firm is required to participate, please contact U.S. Market Operations - Options at +1 215 496 1571 or Trading Services at +1 212 231 5180.

Designated Members (required participants) are expected to test and validate that their systems will function and perform appropriately in a disaster recovery event. In addition, Designated Members are required to provide a confirmation of participation in the test as well as a checklist of activities performed, to Options Help Desk.


Nasdaq also plans to participate in the industrywide pre-test on Saturday, September 28, 2019 and Saturday, October 5, 2019. The test schedule will be the same as appears below. Members wishing to participate in a scheduled pre-test, please contact Trading Services at +1 212 231 5180, or U.S. Market Operations - Options at +1 215 496 1571 for more information.


Testing Plan

System Availability

Nasdaq Markets (The Nasdaq Stock Market, 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. Members will be able to connect at the same order acceptance times that are published with the production system settings for each exchange.

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

Test Activities

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
    1. Simple Order Entry
    2. Complex Order Entry
    3. Auction Order Entry
  • Trading
  • Opening Process participation

Please contact Trading Services at +1 212 231 5180, U.S. Market Operations - Options at +1 215 496 1571, or U.S. Market Sales at +1 800 846 0477 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 $13 trillion. To learn more, visit: business.nasdaq.com.