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Futures IndustryDisaster Recovery
Test Briefings
June, 2009
“DR VI”
Prepared and Moderated by
John Rapa, CBCP Tellefsen and Company, L.L.C.
AGENDA
I. Introduction and Welcome
II. Testing Goals and Objectives
III. Review of Testing Protocol
IV. Member Firm Readiness Discussion
V. Timeline and Next Steps
I. INTRODUCTION AND WELCOME
Our Panelists Today:
CFE:
Todd Furney
KCBT:
Dan Umstattd
CME Group:
Chris Sarcletti
NASDAQ Futures Exchange:
Gary Rounbehler
ICE Exchanges:
Brian Sayler
OCC:
Frank Castelluccio
ICE Clear US:
Brian Sayler
TCC:
Jeff Mikula
IDCG:
Roddy Kopera
Tellefsen and Company:John Rapa
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
• Test end-to-end processing by exchanges through to, and including clearing houses; process actual test trades, produce test end of day reports with the test data.
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.
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 and process test data through to end-of-day reports for clearing members. Testing will take place between 9:00 a.m. and 3:00 p.m. EDT, unless otherwise specified.
• The 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.
CBOE FUTURES EXCHANGE
• Will use CBOEdirect back up ETS• Trade entry via scripts:
– Products to be 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 24th trade date– Will accept either October 23rd or October 24th trade date on
order input.
CBOE FUTURES EXCHANGE (Cont’d)…
• The session will open at 9:30 AM EDT• Transmission of trades to OCC via MQ• 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.
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CME GROUP
• CME Group (CME, CBOT, NYMEX) will test as one entity this year• There will be no testing at I-Park• There will be no Open Outcry testing• By test time, most NYMEX systems and applications will be
migrated to the CME Group environment• Exceptions to this will be ClearPort Clearing (OTC), CPC and API
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CME GROUP (Cont’d) …
• CPC and API will be migrated one to two weeks after the test• All communications to CME Group from the firms should be through
the GCC or CME Group’s Clearing Support Team.• Clearing reports will not be produced on the day of the test. They
will be available to firms that wish to see them during the week following the test.
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CME GROUP - GLOBEX
• Will use GLOBEX via remote data center• Firms must register via the FIA website• Questions may be directed to CME Group Associate Director of
Business Continuity – [email protected]• Members should call the GLOBEX Control Center at (312) 456-2391
to report any trading problems encountered throughout the test• Trades will be processed through to the appropriate clearing
organization.
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CME GROUP GLOBEX (Cont’d)…
• Verify firm connectivity:– All GLOBEX Markets will be in Pre-Opening state. This will
happen at approximately 8:30am EDT– Can use either October 23rd or October 24th trade dates. All fills
will be sent back to the Firms with the trade date of the 23rd
– 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.
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CME GROUP GLOBEX (Cont’d)…
• 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. Firms should send orders
in on ‘Floor Only Contracts, like the SPZ0 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.
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CME GROUP - CLEARING• Change FTP IP address to CME’s remote site IP address to connect
to CME FTP server via RDC IP:– Using Friday’s data, FTP the PCS and Large Trader reports– CME staff will verify receipt and then delete them
• CME will transmit Thursday’s Trade Register and SPAN files– Firms will verify receipt of these files and delete them
• Connect to RDC URL and enter a block trade for:– 5000 EDH @9900.0
• CME staff will verify receipt of the block trades and then delete them
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CME GROUP CLEARING (Cont’d)…
• 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• Finally, firms should contact the GCC at (312) 456-2391 to
recap the test results.
ICE EXCHANGES• The ICE Exchange will be available from Disaster Recovery site in Atlanta
for front end trading application testing– Markets will enter a pre-open state at 10:00pm EDT on Friday 10/23/09
and open at 9:00am EDT on Saturday 10/24/09:• ICE Futures US Sugar11• ICE Futures US Russell 2000• ICE Futures Europe WTI• ICE Futures Canada Canola
– Note: All OTC and NGX markets will be open and running in production mode throughout the testing
• ALL TRADES IN OTC MARKETS WILL BE HONORED• No test trading in any OTC markets permitted during FIA test
– Futures markets listed above will remain open until 12:00pm EDT on 10/24/09
– Non-trading applications will be available during testing• All ICE web reporting (deal reports, position reports, etc) accurate
based on test trading activity– ICE Block will be available during testing– Firms can trade freely in all open futures markets. No test trading in any
OTC markets permitted – all OTC trades honored.• There is no set testing script for trading
ICE EXCHANGES (Cont’d) …
• All existing customers with valid trading IDs are welcome to participate:– Valid user ID and production password will be used for login
• Ping Test Overview and Connection Summary:– Atlanta DR site will be available to test login on Saturday, 9/26
and 10/10 from 9:00am EDT – 12:00pm EDT– All futures markets will be closed and only system login will be
tested:• OTC markets will be open for production trading – no test
trades permitted– Review the connection guidelines for the disaster recovery site:
• https://www.theice.com/publicdocs/technology/ICE_Firewall_Proxy_Requirements.pdf
– No network, DNS, or IP changes will be required to connect to the DR site during the ping test or the FIA DR Test
• All connection type will be available for ping and DR tests:– Connections to DR will be available after 10:00pm EDT on the
Friday evening before each test
ICE EXCHANGES (Cont’d) …
• Testing Administration and Support:– All participants MUST clean up all backend system data after
testing– No Future trades performed during testing hours will be valid.– All OTC markets are open and all trades are live – NO TEST
TRADING IN OTC MARKET– The ICE Helpdesk will be available from 8:00am EDT through
1:00pm EDT at the main phone number 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
• Clearing Information:– All ICE Futures US trades will be submitted to the ICE Clear US
backup site– All ICE Futures Canada trade submission to the KCBOT backup
site being evaluated– ICE Futures Europe and OTC cleared trade will not be submitted
Ice Clear Europe. Alternative testing plans being developed for ICE Clear Europe
ICE CLEAR US
• Firms must register via the FIA website• Verification of connectivity between firm and DR site via ping
testing is scheduled for September 26th and October 10th from 9-12 pm ET
• Trade date will be Saturday October 24th
• At this point all clearing related applications are web-based and the change over from production to back up systems will be transparent to clearing members
• These applications will include:– AFTS TIPS– PTMS ECS– MQ eReports
ICE CLEAR US (Cont’d)…
• Ping testing - clearing members must verify connection to online clearing applications, using production URL’s
• These applications will include:– AFTS TIPS– PTMS ECS– MQ eReports
• For MQ testing, Clearing members must verify connection by sending an MQ ping through their channel.
ICE CLEAR US (Cont’d)…
• ICE Clear US and ICE Futures US will roll applications used by clearing members prior to 8:00 am on Saturday, October 24.
• No IP address changes will be necessary to connect to ICUS or IFUS applications, including:
- TIPS/PTMS- ECS- AFTS
- MQ/FIXML trade messaging- eReports
• BCP/DR support staff will be available up to and including test day. Please direct any questions to [email protected]
• ICE will make a conference bridge available to clearing members on test day. Details will be distributed to registered CM participants prior to the test day.
• Upon completing of the test day clearing cycle, expected to be at 1:00 pm, ICE will revert all trading and clearing applications, including MQ channels, back to production. An advisory will be sent to test participants and announced on the ICE bridge call. Clearing members are strongly encouraged to confirm their connection to production at the conclusion of the testing.
ICE CLEAR US (Cont’d)…
• Test Cases – Test Day– Clearing members will use the post trade management systems
(PTMS and TIPS) to accept test trades passed through to clearing by the ETS and option trades loaded by the Exchange. Clearing members must demonstrate their ability to log into TIPS, PTMS, and ECS to pass this portion of the test
• Test Files:– TIPS intra-day files and Matchoff files will be available via the
AFTS server– FIXML trade messages will be sent to CMs via MQ– CMs will deliver PCS and Large Trader files via AFTS
(production files from Friday, October 23rd)– ICE Clear US will complete a clearing run and generate the
regular clearing data files:• Matchoff files delivered through AFTS • Clearing Reports delivered through ICE eReports and AFTS• SPAN file (available through AFTS and CME web site)
INTERNATIONAL DERIVATIVES CLEARING GROUP(NFX/IDEX & IDCH)
• Ping testing will be available on September 26th. If required, a follow up test will occur on October 10th.
• Will use the IDEX XT trading system from the secondary site• Trade orders will be received at IDEX Market Operations• Trade will be reported and automatically matched and executed with
a trade date of Saturday, October 24, 2009• Trade confirmations will be generated and transmitted to firms• NFX/IDEX trades will be automatically processed for clearing and
settlement to the IDCH• Firms must notify the IDCG Market Operations Group upon
completion of the test via phone (1-888-866-IDCG) or email [email protected]
• Contact information for testing:– Gerry Lawlor 646-867-2523 [email protected]
KANSAS CITY BOARD OF TRADE• Two components of Kansas City Board of Trade (KCBT) test:
– Injection of GLOBEX trades into KCBT clearing remote data center– Entry of open outcry trades into KCBT clearing remote data center
• For GLOBEX portion of test:– Refer to CME Group information for hours and procedures on CME
GLOBEX.– Trades will be injected from GLOBEX to KCBT clearing– Trade date sent from GLOBEX will be October 23rd– Enter bids and offers in KCBT Wheat (KE), Value Line (MV) or
Wheat Options (OKE) at the previous day’s settlement price (this will ensure your trade matches with other participants). Either October 23rd or 24th may be used for trade date, but the KCBT Clearing Corporation will be running on a business date of October 24th.
KANSAS CITY BOARD OF TRADE (Cont’d) …
• KCBT open outcry portion of test:– KCBT Clearing will contact designated firm representatives for
KCBT and provide details on trades that will need to be entered for open outcry
– 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 GLOBEX and open outcry,
trades files will be generated and be made available for download.• NOTE: Failover from KCBT primary data center to remote data
center uses DNS. Firms requiring explicit IP information should work directly with KCBT Clearing to ensure connectivity.
MEFF
• Trade date will be Saturday October 24th• Will use the MEFF production ETS environment • Members will be able to trade• During the test MEFF will failover to 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• MEFF contacts:
– Enric Padro – [email protected] (+34 93 412 1128)
– Arturo Pinera – [email protected] (+34 91 709 5503)
NASDAQ FUTURES EXCHANGE (NFX)
• Ping testing will be offered on September 26th. If required, a follow up test will occur on October 10th.
• Will use the NFX/XL trading system from the primary site• Trade orders will be received at NFX/XL Help Desk• Trades will be automatically matched and executed with a trade
date of Friday, October 23, 2009• Fill reports will be generated and transmitted to firms• NFX Trade File will be processed for clearing and settlement• Firms will notify the NFX Emergency Management Office (EMO)
upon completion of the test via Phone (215-496-5052)• Contact information for testing:
– Gary Rounbeler 215-496-5463 [email protected]
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OPTIONS CLEARING CORP.• OCC will test from their DR site• Pre-testing will take place on August 15th
• In order to test from your DR/alternate site or production site, OCC requires the following mandatory information: – Identify if you will be testing from DR or Production for the pre-test; the main
test– Confirm all connectivity method(s) that apply (e.g., FTP+ Pull/Push, NDM,
MQ)– Provide test day contacts for each of the connectivity methods selected
above– Provide IP addresses of your DR location (per service/host)– DR Node (NDM and FTP+ Push testers) with login ID and password– Port Number (NDM, FTP+ Push, and MQ testers)– Identify any MQ configuration changes from your production environment– Provide the dataset name you will use for testing outbound (from OCC)
transmissions– Do you send inbound transmissions directly to OCC?
• If Yes: Dataset name you plan to send to test Inbound (to OCC) transmission (if applicable) (please use a production dataset name with a trailing “.test”.
• If No: No action required.
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OPTIONS CLEARING CORP. (Cont’d) …
• Pre-test and test scripts will be issues to all registered participants• All IP addresses and TCP Ports for the OCC will remain the same as
they are in production for this test • Firms can receive outgoing file transmissions from the OCC. OCC will
provide test files as .txt output files.• Firms can submit incoming file transmissions to the OCC (only if your
firm transmits files to OCC in production)• When all testing is complete, email your confirmation to
[email protected] • ENCORE will be available for testing, but is not a requirement to
successfully test with OCC • Should you have any questions prior to or on the scheduled test day,
feel free to contact your Member Services Representative at (800) 621-6072 option 2.
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THE CLEARING CORP.
• The Clearing Corp. will test from their DR site• Pre-test ping testing will take place on September 26th
– FTP verification performed by logging on to the CCorp FTP server– MQM connectivity will be performed by performing a MQM ping via
the MQM channels– Previous day’s clearing reports will be available for firms to retrieve
to their testing sites• PCS, large trader and/or ex-pit transactions will not be accepted• Scripted Confirmation data will be sent to clients that have requested
them.
• All clients should pre-register on the FIA Web site
• CCorp Test request form will be sent to all clients that have registered
• If any new devices or different IP Addresses are used for the test, please notify CCorp at least three weeks in advance of test date
• Access to CCorp may require IP Address changes by some clients, depending on the method of network access to CCorp. Contact the Technical staff for any detail needed
• It is important to communicate with CCorp regarding your Test Results and issues you may be having when testing:
• Contact Information:
+ Business … 312-786-5718 …[email protected]
+ Technical .. 312-986-3415 …[email protected]
• All clients should re-test their production environment at the conclusion of the test.
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THE CLEARING CORP. (Cont’d) …
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
•CBOE Futures Exchange and CME will accept either October 23 or October 24 trade dates on order input..
+ CME will accept previous day (October 24) large trader report information.
CBOE FUTURESEXCHANGE
CMEGROUP
CLEARING CORP.
ICEEXCHANGES
Systems CBOE Direct GLOBEX BACK UP ICE
Exchange.
Ping Testing Y Y Y Y
Successful Login from Members DR Site Y Y Y Y
Trade Date 10/243
or
10/24
10/23
or
10/24
N/A 10/24
Receipt of 10 Orders from Members Via Pre-Defined Scripts Y Y N/A N
Transmit 10 Fill Reports to Member Firms Y Y N/A N
Receipt of 10 Ex-Pit Reports from Member Firms Via Scripts N Y N/A N
Receipt of PCS and Large Trader Reports from MembersN/A
Y+ N N
Download Previous Day Clearing Reports to Members:-Match Off File-Report File-SPAN File
N/AN Y N
All Production Systems Restored, Test Data Re-Set Y Y Y Y
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
•CBOE Futures Exchange and CME will accept either October 23 or October 24 trade dates on order input..
+ CME will accept previous day (October 23rd) large trader report information
KCBOT ICE CLEAR US IDEX/IDCG MEFF NFX
Systems GLOBEX,
KCBT Clearing TEMS
ECS, PTMS, TIPS,
eReports, Data Express, MQ
Trade Messaging
NFX /XL PROD. NFX//XL
Ping Testing N Y Y N/A Y
Successful Login from Members DR Site Y Y Y Y Y
Trade Date 10/23
Or
10/24
10/24 10/23 10/24 10/24
Receipt of 10 Orders from Members Via Pre-Defined Scripts Y Y Y Y Y
Transmit 10 Fill Reports to Member Firms Y – Trades File
N Y Y Y
Receipt of 10 Ex-Pit Reports from Member Firms Via Scripts N N N/A N/A N/A
Receipt of PCS and Large Trader Reports from Members N Y N/A N/A Y
Download Previous Day Clearing Reports to Members:-Match Off Files, Report Files, SPAN Files
N Y Y N/A Y
All Production Systems Restored, Test Data Re-Set Y Y Y Y Y
PRE-TEST COMMUNICATIONSTESTING SCHEDULE
• August 15th Options Clearing Corp.
• September 12th: CME Group, ICE Clear, ICE Exchanges, NASDAQ Futures
• September 26th: CME Group, Clearing Corp., ICE Clear,
ICE Exchanges, IDCG, NASDAQ Futures
• October 10th: CME Group, ICE Clear, ICE Exchanges, IDCG, NASDAQ Futures
• Ad hoc testing: CBOE Futures (Tuesdays, Thursdays)
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.
V. TIMELINE AND KEY DATES
July 1 Monthly Conference Call, Status
August 5 Monthly Conference Call, Status
August 15 OCC Ping testing
September 9 Monthly Conference Call, Status
September 12 Ping Testing
September 22 Meetings – Chicago/New York City
September 26 Ping Testing
October 10 Ping Testing
October 23 All Hands Conference Call
October 24 Test Day
October28 Post-Mortem Conference Call
20 MORE WEEKS TO GO !
