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Futures Industry Disaster Recovery Test Briefings September, 2007 DR IV Prepared and Moderated by Jo

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Title: Futures Industry Disaster Recovery Test Briefings September, 2007 DR IV Prepared and Moderated by Jo


1
Futures Industry Disaster Recovery Test
Briefings September, 2007 DR IV Prepared
and Moderated by John Rapa, CBCP Tellefsen
and Company, L.L.C.
2
AGENDA
  • Introduction and Welcome
  • Testing Goals and Objectives
  • Review of Testing Protocol
  • Member Firm Readiness Discussion
  • Timeline and Next Steps

3
I. INTRODUCTION AND WELCOME
  • Our Panelists Today

4
II. TESTING GOALS AND 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 and
    trading system vendors.
  • Test the connectivity between exchanges,
    clearinghouses 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.

5
GOALS AND 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.

6
III. REVIEW OF TESTING PROTOCOL
  • Exchanges will specify products available for
    order entry/trading.
  • All exchanges will use their electronic trading
    venues for the test. Testing will take place
    between 900 a.m. and 300 p.m. EDT.
  • FIA will manage the test via an open conference
    bridge (conference bridge number to be
    announced).
  • Member firms will confirm connectivity with their
    respective exchanges/clearinghouses
  • Pre-test connectivity testing will be offered, as
    applicable.
  • Unless so noted, firms will execute a pre-defined
    script of orders. Firms will use test accounts.
  • Exchanges will generate fill reports on the
    orders.
  • All firms will report results and confirm
    post-test production connectivity to the
    respective exchanges.

7
CBOE FUTURES EXCHANGE
  • Will use CBOEdirect back up ETS.
  • Trade entry via scripts
  • Products to traded VIX futures.
  • Pre-test requirement - Users must register via
    the FIA website and establish back-up
    connectivity to CFE via the CBOE API Client
    Relations Group.
  • Data will be edited to modify the trade date
  • Order entry systems will reflect October 26th
    trade date.
  • Will accept either October 26th or October 27th
    trade date on order input.

8
CBOE FUTURES EXCHANGE (Contd)…
  • There will be no clearing component as OCC is not
    participating.
  • Transmission of regulatory data to NFA via FTP.
  • Pre-test connectivity tests will be offered on
    Tuesdays and Thursdays in October. Please contact
    us to schedule a date/time.
  • Contact CBOE Client Relations Group with any test
    related questions 312 786 7300.

9
CME GROUP - eCBOT
  • Will use eCBOT production trading system via
    back-up site.
  • Firms must register via the FIA website.
  • Members will be allowed to logon to check
    connectivity
  • Members should call Market Operations to report
    confirmation of connectivity from Primary or
    Disaster Recovery Location 312-347-4600
  • CBOT will inject trades in trade handling system
    via backup site.
  • Trades will be injected using data from October
    26th for CBOT, KCBT, and WCE.
  • Injected trades will be processed through to the
    appropriate clearing organization.
  • Trade date will be October 26th.

10
CME GROUP - GLOBEX
  • Will use GLOBEX via remote data center.
  • Firms must pre-register via the FIAs web
    portal.
  • Verify firm connectivity
  • All GLOBEX Markets will be in Pre-Opening state.
  • Can use either October 26th or October 27th trade
    dates. All fills will be sent back to the Firms
    with the trade date of the 26th.
  • Firms can send a test order in any market they
    wish.
  • No trades will occur during the Pre-Opening
    period.
  • Firms will verify connectivity and can
    send/receive messages.

11
CME Group (Contd)…
  • Order entry via test script as follows
  • Enter bids as customer and offers as house at the
    settlement price in the market you choose. Enter
    about 10 trades.
  • Firms may use any market they want. We do
    recommend that Firms send orders in on Floor
    Only Contracts, like the SPZ8 that will be listed
    on GLOBEX for the test.
  • Firms may receive crossed trades and/or trades
    with other counterparties.
  • Trade reporting to firms back office systems
  • Should be verified and then deleted.
  • Enter ex-pit transactions via CME portal URL.

12
CME Group (Contd)…
  • Change FTP IP address to CMEs remote site IP
    address to connect to CME FTP server via RDC IP
  • Using Fridays data, FTP the PCS and Large Trader
    reports.
  • CME staff will verify receipt and then delete
    them.
  • CME will transmit Thursdays Trade Register and
    SPAN files.
  • Firms will verify receipt of these, delete them
    and contact the GCC to recap the test results.

13
CME Group (Contd)…
  • Connect to RDC URL and enter a block trade for
  • 5000 EDH _at_9740.0
  • CME staff will verify receipt of the block trades
    and then delete them.
  • Contact CME Clearing Support (CCS) team at (312)
    207-2525 to obtain CME Production IP address, RDC
    IP address or RDC URL address.
  • Switch back to CME production site IP address at
    test conclusion.

14
THE CLEARING CORP.
  • Will test from Clearing Corp. back-up site.
  • Members must pre-register via the FIA website.
  • Pre-test ping testing will take place on
    September 29th.
  • Firms will verify connectivity via a ping test
    from their back-up site
  • Will receive successful log in message.
  • Previous days clearing reports will be available
    for firms to retrieve to their back-up processing
    sites
  • Match off files.
  • Report files.
  • SPAN files.
  • PCS, large trader and/or ex-pit transactions will
    not be accepted.

15
EUREX AG
  • Will use the production Eurex matching engine
    located in Frankfurt.
  • Members must pre-register via the FIA web site.
  • Firms should confirm all software versions at
    their primary sites (including ISV, proprietary
    and exchange software applications) are also
    running at their back-up site.
  • Firms will conduct a connection test, and can do
    so from any/all of their locations
  • Firms will receive log-in message to confirm
    connectivity and successful application
    functionality
  • No order entry will be permitted.
  • Contact the Technical Help Desk at 312-544-1200
    (US) or 4969 211 11200 (EU) with any questions.

16
ICE FUTURES
  • Will use ICE Exchange from Disaster Recovery site
    in Chicago for front end trading application
    testing.
  • All existing customers with valid trading IDs are
    welcome to participate. Valid user ID and
    production password will be used for login.
  • Please pre-register via the FIA website
  • Connectivity Validation - DR site will be
    available to test login on Saturday, September
    29th and October 13th only - beginning at 900am
    ET 1200pm ET
  • Please review the Connection Guidelines for
    Disaster Recovery for specific connection
    information at
  • https//www.theice.com/publicdocs/technology/WebIC
    E_Firewall_Proxy_Requirements.pdf
  • No network, DNS, or IP changes will be required
    to connect to the DR site

17
ICE FUTURES (Contd) …
  • All markets will be in closed state and only
    system login will be tested.
  • All participants who plan to test on 10/27 must
    test connectivity to the DR site on one of these
    weekends.
  • Connection Types Access to DR Site
  • Internet access available for DR site via
    www.theice.com. This will be available after
    700pm ET on 10/26/07.
  • Data Hubs (Atlanta, NY, Chicago, London,
    Singapore) dedicated connection to the ICE data
    hubs will be automatically routed to DR site in
    beginning at 700pm ET on 10/26/07.
  • CoLo/ICE Direct All connection for CoLo and ICE
    Direct customers will be automatically routed to
    DR site beginning at 700pm ET on 10/26/07.

18
ICE FUTURES (Contd) …
  • The following markets will enter a Pre-Open state
    at 1000pm ET on 10/26/07 and Open at 900am ET
    on 10/27/07
  • NYBOT Sugar11
  • NYBOT Cotton
  • ICE Futures WTI (trades will not flow through
    to LCH clearing)
  • ICE Futures Brent (trades will not flow through
    to LCH clearing)
  • All OTC markets will be open beginning at 900am
  • Markets will remain Open until 1200pm ET on
    10/27/07.
  • Firms can trade freely in these open markets.
    There is no set testing script for trading
  • ICE will also submit test orders and trades into
    all open markets
  • ICE Block functionality will be live in the DR
    site and available.
  • Non-trading applications (clearing admin, web
    counterparty filter) will be available.

19
ICE FUTURES (Contd) …
  • All ICE web reporting (deal reports, position
    reports, etc) will be available and will be
    accurate based on trading activity.
  • The ICE Helpdesk and ICE Futures and NYBOT Market
    Supervision will be available from 800am ET
    through 100pm ET at the main phone numbers
    listed on the ICE website
  • At the end of the DR testing period, all trade
    data will be deleted from the ICE exchange and
    databases and no record of the days transaction
    will persist.
  • All participants MUST clean up all backend system
    data after testing. No trades performed during
    testing hours will be valid.
  • All NYBOT Futures trades will be submitted to the
    ICE Clear backup site.
  • ICE Futures trades will NOT be submitted to LCH
  • The Production ICE Trading System and associate
    components will not be available during the DR
    test.

20
KANSAS CITY BOARD OF TRADE
  • Two aspects to the Kansas City Board of Trade
    (KCBT) Test
  • Injection of eCBOT trades into KCBT clearing
    remote data center.
  • Entry of open outcry trades into KCBT clearing
    remote data center.
  • eCBOT portion of test
  • Members should logon to eCBOT to check
    connectivity and contact eCBOT Market Operations
    to confirm connectivity.
  • Trades will be injected from eCBOT to KCBT
    clearing.
  • Trade date sent from eCBOT will be October 26

21
KANSAS CITY BOARD OF TRADE (Contd) …
  • KCBT open outcry portion of test
  • KCBT Clearing will contact designated firm
    representatives for KCBT and provide the scripted
    trades that will need to be entered (scripts to
    be distributed approximately 2 weeks prior to
    test).
  • Request that each firm work with their people
    responsible for daily interaction/operation at
    KCBT to ensure continuity of documentation and
    communication.
  • Clearing login information and instructions have
    been provided to those responsible for
    interaction with the KCBT/KCBT Clearing Corp.
  • Clearing will determine any pre-testing
    requirements with firms.
  • Upon completion of trade entry for eCBOT and open
    outcry, clearing reports will be generated and be
    made available for download.

22
LIFFE
  • Will use production Connect systems environment.
  • All firms should register via the FIA web
    portal.
  • Connectivity testing will take place on September
    29th and October 13th with support available
    between 800 a.m. and 1100 a.m. EDT.
  • For ping testing - members may ping test Connect
    central gateways from backup / alternate trading
    sites.
  • On test day - ping test central gateways and view
    actual post trade data from the previous trading
    day (TRS reports) with normal security controls
    in place (e.g. live passwords).
  • No order entry will be allowed.
  • The test is open to all Liffe members. Non-FIA
    member firms should email John.Wilson_at_liffe.com

23
MEFF
  • Trade date will be October 27.
  • Will use the MEFF production ETS environment.
  • Members will be able to trade.
  • During the test we will failover the backup
    system.
  • Once the failover is complete, members will be
    able to continue trading.
  • Members will be able to get reports of their
    trades.
  • Back office systems will be prevented to enter
    this test.

24
ICE FUTURES US (NYBOT) ICE CLEAR US (NYCC)
  • Firms must register via the FIA website.
  • The 2007 DR/BCP testing will change substantially
    for ICE Futures US/ICE Clear US trading and
    clearing members, due to the introduction of the
    ICE electronic trading system.
  • ICE Futures US will use the ETS for the entry of
    orders and trades for the test. CMs can trade
    freely in the open markets there is no script
    for trade testing.
  • ICE Futures US will also introduce a pre-defined
    set of trades into the ETS for every clearing
    member, to create post trade activity in the PTMS
    and TIPS systems and complete a clearing cycle.
  • Trade date will be October 27th.

25
ICE FUTURES US / ICE CLEAR US (Contd)…
  • Test Cases
  • Clearing members will use post trade systems
    (either PTMS and TIPS) to enter ex-pit
    transactions from script and accept trades loaded
    by ICE Futures US into the ETS and passed through
    to clearing.
  • Test Files
  • TIPS intra-day files will be available via File
    Transfer (FTP) platform.
  • FixML trade messages will be sent to CMs via MQ
  • CMs will deliver PCS and Large Trader Files to
    NYBOT back-up site via Data Express FTP
    (production files from Friday, October 26th trade
    date)
  • ICE Clear US will complete a clearing run and
    produce the regular clearing data files
  • Matchoff files delivered through Data Express
    FTP
  • Clearing Reports delivered through ICE eReport
  • SPAN file (to be available through CME SPAN web
    site).

26
ICE FUTURES US / ICE CLEAR US (Contd)…
  • ICE Futures US Market Supervision, Data Center,
    ICE Clear US, and ICE Help Desk staff will be
    available on the test day and prior to the test
    to support member firms.
  • Contact NYHelpDesk_at_theice.com for the specific
    information your firm will need to connect to
    these applications running in back-up
  • - ICE Trading System
  • - NYBOT PTMS, TIPS, ECS, eReports
  • Back-up Data Center/Data Express
  • - Match off File
  • - TIPS file
  • - PCS file
  • - FixML trade messaging
  • Firms will verify connectivity to the Exchange
    back up site via a ping test prior to the test
    date (September 29th, October 13th).

27
NEW YORK MERCANTILE EXCHANGE
  • Will use GLOBEX ETS, ClearPort TMS and ClearPort
    Clearing systems.
  • Trade date will be Monday, October 29th.
  • Firms must pre-register via FIA website.
  • Questions may be directed to NYMEX Director of
    Business Continuity BCP_at_NYMEX.COM.
  • Test environment will be monitored and managed
    via conference bridge set up for the test.
  • Bridge will act as test squawk box monitored by
    NYMEX staff at back up emergency operations
    center
  • All problems will be brought up via bridge (taken
    off-line if necessary)
  • Test will be directed and managed via the bridge.

28
NEW YORK MERCANTILE EXCHANGE (Contd)…
  • Trades may be entered into Globex by firms. NYMEX
    staff will enter trades into all other
    platforms.
  • Production accounts and products will be used.
  • Production data will be backed up and restored
    over test data. Test data will be saved for
    subsequent review.
  • Detailed test scripts describing what the firms
    are expected to do and when to do it will be
    provided to registered firms.
  • Test links will be provided for back up systems
    (C21, CM download, etc.).
  • The new SFTP system will be used to transfer
    files.
  • DR SFTP server IP addresses will also be
    available to connect to the backup site (these
    have already been provided to all firms with
    connectivity to the primary site).

29
NEW YORK MERCANTILE EXCHANGE (Contd)…
  • Firms to connect to NYMEX via their back up sites
    or identify if they are not connected via a back
    up site.
  • The Exchange will enter trades at DR site for
    allocation (give-ups) to registered participating
    firms.
  • NYMEX Clearing will process end-of-day reports
    no intraday
  • Data/Report Transfer
  • Members will upload the previous days PCS and
    Large Trader reports via SFTP backup IP
    addresses.
  • Firms will retrieve clearing reports and data
    from Member Trade Register report and CM Download
    site.
  • NYMEX will confirm report data against trades
    from test script.
  • All firms to report results and confirm post-test
    production connectivity to NYMEX.

30
PHILADELPHIA BOARD OF TRADE
  • Will use the PBOT/XL trading system
  • Trade Orders will be received at PBOT/XL Help
    Desk.
  • Trade will be manually matched and executed with
    trade date of Friday October 26, 2007.
  • Fill reports will be generated.
  • PBOT trade file will be processed for clearing
    and settlement.

31
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
CBOE Futures Exchange and CME will accept either
October 26 or October 27 trade dates on order
input.. CME will accept previous day (October 2
6) large trader report information.
NYMEX will use October 29 trade date
32
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
CBOE Futures Exchange and CME will accept either
October 26th or October 27th trade dates on order
input.. CME will accept previous day (October 2
6th) large trader report information.
NYMEX will use October 29th trade date
33
PRE-TEST COMMUNICATIONS TESTING SCHEDULE
  • September 29th CME Group, Clearing Corp., Liffe,

  • ICE Futures, NYBOT, NYMEX
  • October 13th CME Group, Liffe, ICE Futures,
    NYBOT, NYMEX
  • Ad hoc testing CBOE Futures
  • (Tuesdays, Thursdays)

34
IV. MEMBER FIRM READINESS
  • Discussion with member firms as to the state of
    their readiness
  • Back-up systems/communications links.
  • Order entry and routing.
  • Market data.
  • Give up processing.
  • Clearance and settlement.
  • Use of third party service providers.
  • Major issues or concerns.

35
V. TIMELINE AND NEXT STEPS
36
FIVE MORE WEEKS TO GO !
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