Industry BCP Test

An industry-wide test is conducted annually by SIFMA to assess the ability of securities market participants to operate from their primary or backup data centers or recovery sites in order to examine the level of resiliency of the markets and the industry overall. The exercise is supported by all major exchanges, markets, and industry utilities. FIF manages the service bureau and market data vendor component of the annual industry-wide business continuity test.

The products in scope are equities, options, and fixed income from order entry through execution, clearance, and settlement. This critical exercise allows firms and organizations to submit test orders and transactions and receive simulated execution reports. It also tests their backup communication and connectivity with the exchanges and utilities.

If you are responsible for Business Continuity Planning at a Service Bureau or Market Data Vendor and would like to participate, please contact the FIF Program Office at + 1 212 422 8568 or fifinfo@fif.com.

© 2020 Financial Information Forum

Press enter to search
Press enter to search

Interested in joining us?

Download membership kit

Key Reasons to Join

  1. Stay informed on Current Regulatory and Market Initiatives
  2. Drive Industry Issues to Successful Resolution
  3. Impact the implementation timing and methodology of new rules
  4. Apply FIF Insight Within Your Firm