Wednesday, September 26, 2012
Equity Trader Alert #2012 - 39
SIFMA Industry-Wide Business Continuity Test to be Held Saturday, October 27, 2012
What you need to know:
What will take place?
On Saturday, October 27, 2012, SIFMA will hold an industry-wide business continuity test. All NASDAQ OMX U.S. markets will participate in the test.
What is the purpose of the test?
This test provides the opportunity to verify the ability of firms, markets and utilities to operate through an emergency using backup sites, recovery facilities and backup communications capabilities across the industry. The test will simulate a disaster scenario and will allow customers to use the appropriate backup connectivity method to place test orders, receive simulated executions and conduct settlement interactions.
All U.S. NASDAQ OMX equities, futures, and options exchanges will be available for the test. All functionality and connectivity that is normally available in production will be available for the test. Firms should connect to the backup facility to ensure that all backup systems operate as expected.
NASDAQ OMX production systems will be available for pre-market trading at 9:00 a.m., Eastern Time (ET), followed by a market open at 9:30 a.m., ET. A market close event will be scheduled for 12:00 p.m., ET, with a subsequent post-trading session until 12:30 p.m., ET.
Do I need to register for the SIFMA Business Continuity test?
Firms can register for the Saturday test by contacting NASDAQ OMX Trading Services at +1 212 231 5180 by noon on Wednesday, October 24th.
Where can I find more information?
- For additional testing information, refer to the SIFMA Test Announcement.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
- Contact NASDAQ OMX Trading Services at +1 212 231 5180.
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