Futures Industry Disaster Recovery Test Briefings

Transcription

1 Futures Industry Disaster Recovery Test Briefings July 28, 2004 Prepared and Moderated by The

2 AGEDA I. Introduction and Welcome II. III. IV. Progress to Date Test Goals and Objectives Review of Testing Protocol V. Member Firm Readiness VI. VII. Open Issues Discussion Timeline and ext Steps

3 I. ITRODUCTIO AD WELCOME Today s panelists: CBOT: CME: TCC: BOT: CC: MEX: Tom Hammond ([email protected]) Karl Weinberg ([email protected]) James Woods ([email protected]) Ian elson ([email protected]) Brian Saylor ([email protected]) Eric Aldrich ([email protected])

4 II. PROGRESS TO DATE Two BC/DR Symposiums were held, one in ew ork, the other in Chicago, with panelists from the major exchanges and clearing houses. Both sessions were attended by numerous FCM operations managers and BC/DR representatives. An industry test date was established and agreed upon (Saturday October 9, 2004). A Project Steering Committee formed in late May.

5 PROGRESS Continued Bi-Weekly Committee conference calls have been held from June 4, to date. Working Groups were formed for key service providers, front end trading and order routing vendors, recovery services providers. Generic test scripts were drafted and circulated for comment. The exchanges/clearing houses developed test registration procedures and forms.

6 III. TESTIG GOALS AD OBJECTIVES Test the basic ability to conduct business (order entry through clearing) from alternate/back up facilities simultaneously. Test disaster recovery capabilities among Futures Commission Merchants, Back Office Service Providers, Recovery Services Providers, Trading System Vendors, etc. Test the connectivity between Exchanges, Clearing Houses and their constituents back up facilities ( back up to back up ), and confirm Member Firms ability to send/receive information to/from their back up facilities/interfaces.

7 GOALS AD OBJECTIVES Continued Enter a small but meaningful sampling of orders and trades, carried out by a limited number of essential personnel from alternate locations. Confirm the receipt/transmission of information to/from clearing members. Transmit key clearing reports and information to clearing firms to verify round trip communications.

8 GOALS AD OBJECTIVES Continued Extensive application testing will be unnecessary, as there will not be any required changes to application code. Success criteria will be defined by each Exchange or Clearing House. The exercise scope will be kept manageable from a cost and resource standpoint, so that test can be repeated and performed routinely in the future.

9 IV. REVIEW OF TESTIG PROTOCOL Exchanges will specify products available for order entry/trading. Except for BOT, all exchanges will use their electronic trading venues for the test. Firms will use test accounts. Testing will take place between 9:00 am and 12:00 noon EDT. Member firms will confirm connectivity with their respective exchanges/clearing houses. Firms will execute a pre-defined script of orders. Exchanges will generate fill reports on the orders.

10 TEST PROTOCOL Continued Firms will also enter a number of ex-pit transactions and transmit large trader and PCS information into the exchange s trade management or clearing system. The clearing house will make available the previous business day s clearing reports for receipt/upload by members. Firms, exchanges and clearing houses will confirm that all systems and system files have been restored, test data backed up/erased and full production state restored after the conclusion of testing.

11 EXCHAGE AD CLEARIG HOUSE TESTIG MATRIX CBOT CME TCC EUREX US BOT & CC MEX Back Up Trading Floor Will Be Open /A /A Systems To Be Used ecbot Production GLOBEX Production B/U Eurex US Production EOR B/U B/U Members Will Verify Connectivity Via Ping Test Successful Login From Members DR Site Trade Date = October 8, 2004 /A * /A /A Trade Date = October 9, 2004 /A * /A /A Receipt of 10 Orders From Member Firms Via Pre-Defined Scripts Of Orders Phone Or EOR/Member Order Routing Venues /A Transmit 10 Fill Reports to Member Firms Generated By Exchange Floor Staff Back to Firms /A Receipt of 10 Ex-Pit Trade Reports From Member Firms Via Pre-Defined Scripts Receipt of PCs and Large Trader Reports From Member Firms + Download of Previous Day Clearing Reports To Member Firms Match Off File Report File Span File All Production Systems Are Restored & Test Data/Parameters Re-set *CME will accept either October 8 or October 9 trade dates on order input. + CME will accept previous day (October 8) large trader report information.

12 V. MEMBER FIRM READIESS Discussion with member firms as to the state of their readiness: Back up systems/communications links Order entry and routing Give up processing Clearance and settlement Use of third party recovery services providers

13 VI. OPE ISSUES DISCUSSIO

14 VII. TIMELIE AD EXT STEPS August: August 6 Finalize Test Scripts and Distribute to Members, vendors, etc. August 13 Bi-Weekly Committee Conference Call August 27 Bi-Weekly Committee Conference Call September: October: September 3 Member Firms Confirm Participation to Test September 8 Status/Readiness Workshop at CME September 9 Status/Readiness Workshop at BOT September 10 Bi-Weekly Committee Conference Call September 17 Bi-Weekly Committee Conference Call September 24 Bi-Weekly Committee Conference Call October 1 All Hands Conference Call October 8 All Hands Conference Call October 9 Industry Test October 15 Post-Mortem Conference Call Recap