Industry Testing

As part of the ongoing financial industry backup site testing initiative that began in 2003, SIFMA leads an annual industry-wide business continuity test every October.

Upcoming 2012 Test

The next industry-wide test will be held on October 27, 2012.  Please check back for detailed instructions.  For prior year's test results, please view our Archives. 

Overview

This is a critical exercise that highlights our industry's ability to operate through a significant emergency using backup sites, recovery facilities and backup communications capabilities across the industry. SIFMA urges all firms to participate in this important event.  

Overview Presentation on 2012 SIFMA Industry Test  Download PDF 

Test Components 

Industry-wide tests follow a consistent format whereby firms submit test orders and transactions from their backup sites to markets and utilities.

The test is supported by all major exchanges, markets and industry utilities.  The exercise involves test transactions for equities, options, futures, fixed income, settlement, payments, Treasury auctions and market data. On the same day, the Futures Industry Association (FIA) leads the futures test component and Financial Information Forum (FIF) coordinates market data vendors and service bureaus. 

SIFMA compiles and discloses aggregate test results (but not individual performance).  For prior year's test results, please view our Archives. 

Archives

The Archives hold relevant documents from prior year's industry-wide tests.

2011 Industry-Wide Business Continuity Test 
2010 Industry-Wide Business Continuity Test 


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Contact

For more information on Business Continuity Planning (BCP), please contact:
 

 
Karl Schimmeck
212.313.1183

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