Securities Industry
Business Continuity Test
6/7/2008
TEST REGISTRATION Registration wil be open through Friday, May 16. |
ADDITIONAL INFORMATION: |
BRIEFING CALLS FOR TEST PARTICIPANTS: 4/24 2:00 p.m. EDT 412-858-4600, SIFMA/Sprow call 5/22 2:00 p.m. EDT 412-858-4600, SIFMA/Sprow call ___________________________________ TEST INSTRUCTIONS Check dates on the following instruction documents to ensure that you have the most recent versions.
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SIFMA and the Financial Information Forum will lead the annual industry-wide business continuity test on Saturday, June 7, 2008. The format of the 2008 test will be similar to the 2006 connectivity test, but the 2008 test will include a simulation of a delayed opening of exchanges and markets as might occur in an emergency or a National Day of Mourning.
This is a critical exercise that will allow firms and industry organizations to test backup sites and backup communications capabilities across the industry. We urge all firms to participate in this important event.
During the test, firms, service bureaus and exchanges/markets will connect simultaneously using backup data centers, backup communications links, alternate trading sites and alternate operations facilities to place test orders, receive simulated executions and conduct settlement interactions. The exercise will involve transactions for equities, options, fixed income, settlement and market data. Futures exchanges will test separately later in 2008. It is intended that there will be common test dates in subsequent years.
For additional information contact:
Howard Sprow
Vice President, Business Continuity
Securities Industry and Financial Markets Association
212-313-1248
hsprow@sifma.org