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Thursday, October 1, 2015

Equity Technical Update #2015 - 15
SIFMA Industry-Wide Business Continuity Test to be Held Saturday, October 24, 2015

Category:

  • Testing

Markets Impacted:

Contact Information:

Resources:

On Saturday, October 24, 2015, Securities Industry and Financial Markets Association (SIFMA) will hold an industry-wide business continuity test. All Nasdaq U.S. markets will participate in 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 equities and options exchanges will be available for the test. All functionality that is normally available in production will be available for the test in all production securities. Firms should connect to the backup facility to ensure that all backup systems operate as expected. Please be aware that the Carteret production environment will not be available for this test. Firms should be using their backup connections either to the Ashburn or Chicago DR facilities as appropriate for the markets and services they need to test:

 

  • Ashburn will facilitate the DR systems for Nasdaq, BX, PSX, PHLX, Nasdaq Options, BX Options, TRF, SIP/UTP, and FINRA.

  • Chicago will facilitate the DR systems for Nasdaq, BX, PSX, PHLX, Nasdaq Options, BX Options, and eSpeed.
Firms should also be aware that Nasdaq is transitioning its DR facility to Chicago and Ashburn will no longer be available after Monday, November 9, 2015 for order entry. Please refer to the DR Migration page for additional information.

Nasdaq production systems will be available for pre-market trading on Saturday, October 24, 2015 at 9:00 a.m. 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.

Firms can register for the Saturday test by contacting U.S. Market Operations at +1 212 231 5180 by noon on Friday, October 23rd, 2015.

For additional testing information, refer to the SIFMA Test Announcement.

 

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