Transcript Futures Industry DR Testing Workshops

Futures Industry
Disaster Recovery
Test Briefings
July 11, 2007
“DR IV”
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
2
I. INTRODUCTION AND WELCOME
Our Panelists Today:
CFE:
Polly Collins
KCBT:
Chris Johnson
CBOT:
Susan Brown
MEFF:
Andreu Rodriguez
CME:
Karl Weinberg
NYBOT/NYCC: Brian Sayler
TCC:
James Woods
NYMEX:
Eric Aldrich
PBOT:
Keith Stauring
WCE:
Doug Betz
Liffe:
John Wilson
ICE Futures: Mark Wassersug
3
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, trading system vendors,
clearing banks, market data 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.
4
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.
5
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.
• Firms will use test accounts.
• Testing will take place between 9:00 a.m. and 3:00 p.m. EDT.
• Member firms will confirm connectivity with their respective
exchanges/clearinghouses:
– Pre-test connectivity testing will be offered, as applicable.
• Firms will execute a pre-defined script of orders.
• Exchanges will generate fill reports on the orders.
6
CBOE FUTURES EXCHANGE
• CFE will be using its newly built DR site for this October's FIA test. It
is expected the site will be up and running by early September.
Firms are encouraged to establish connectivity to the CFE DR site in
order to participate in this 10/27/07 FIA test.
• Willl 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.
7
CBOE FUTURES EXCHANGE (Cont’d)…
• The Clearing Corp. will transmit end-of-day files.
• Transmit trade confirmations from Clearing Corp. back-up to
member firms’ back-up bookkeeping system.
• Contact CBOE Client Relations Group with any test related
questions: 312 786 7100
8
CHICAGO BOARD OF TRADE
•
•
•
•
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 – 312-3474600
• CBOT will inject trades in trade handling system via backup site.
– Trades will be injected for CBOT, KCBT, and WCE.
• Injected trades will be processed through to appropriate clearing
organization.
– Trade date will be October 26th.
9
CHICAGO MERCANTILE EXCHANGE
• Will use GLOBEX via remote data center.
• Firms must pre-register via the FIA’s 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.
10
CHICAGO MERCANTILE EXCHANGE (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. 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.
11
CHICAGO MERCANTILE EXCHANGE (Cont’d)…
• Change FTP IP address to CME’s remote site IP address to connect
to CME FTP server via RDC IP:
– Using October 26th data, FTP the PCS and Large Trader reports.
– CME staff will verify receipt and then delete them.
• CME will transmit Thursday October 25th Trade Register and SPAN
files:
– Firms will verify receipt of these, delete them and contact the
GCC to recap the test results.
12
CHICAGO MERCANTILE EXCHANGE (Cont’d)…
• Connect to RDC URL and enter a block trade for:
– 5000 EDH @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.
13
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 day’s 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.
14
EUREX AG
• Will use the production Eurex ETS, 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 Technical Help Desk at 312-544-1200 (US) or +4969
211 11200 (EU) with any questions.
15
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 9:00 a.m. and 12 Noon 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 Euronext.liffe members. Non-FIA member
firms should email: [email protected]
16
ICE FUTURES
• Will use ICE Exchange out of disaster recovery (DR) 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 at the FIA website
• Connectivity Validation - DR site will be available to test login on
Saturday, September 29th and October 13th only - beginning at
10:00am ET – 2:00pm ET
– Please review the Connection Guidelines for Disaster Recovery
specific connection information at:
• https://www.theice.com/publicdocs/technology/WebICE_
Firewall_Proxy_Requirements.pdf
– This is our new data center and users will need to make
changes to internal networks to connect to this new IP
range
– 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
17
to the DR site on one of these weekends.
ICE FUTURES
• Connection Types Access to DR Site:
– Internet – access available for DR site via www.theice.com. This
will be available after 7:00pm 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 7:00pm 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
7:00pm ET on 10/26/07.
18
ICE FUTURES (Cont’d) …
• Markets listed below will go into Pre-Open state at 10:00pm ET on
10/26/07 and Open at 9:00am 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)
• Markets will remain Open until 3:00pm 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
• All ICE web reporting (deal reports, position reports, etc) will be
available and will be accurate based on trading activity for 10/27/07.
19
ICE FUTURES (Cont’d) …
• The ICE Helpdesk and ICE Futures and NYBOT Market Supervision
will be available from 8:00am ET through 4:00pm 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.
• All NYBOT Futures trades will be submitted to the ICE Clear backup
site.
• ICE Futures trades will NOT be submitted to LCH
20
MEFF
•
•
•
•
•
Will start using production environment
Date will be 27th October.
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.
21
NEW YORK BOARD OF TRADE
ICE CLEAR US (NYCC)
• Firms must complete their registration for the 2007 test through
the FIA website.
• The 2007 DR/BCP testing will change substantially for
NYBOT/ICE Clear US trading and clearing members from
previous years, due to the introduction of electronic trading.
• NYBOT will use the ICE electronic trading system (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.
• NYBOT will also introduce a pre-defined set of trades into the ETS
for every clearing member, so that we can create post trade
activity in the PTMS and TIPS systems and complete a clearing
cycle.
• Trade date will be Friday, October 26th.
22
NEW YORK BOARD OF TRADE / ICE CLEAR US (Cont’d)…
• Test Cases:
– Clearing members will use post trade systems (either PTMS or
TIPS) to enter ex-pit transactions from script and accept trades
loaded by NYBOT 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 NYBOT eReport
• SPAN file (to be available through CME SPAN web site).
23
NEW YORK BOARD OF TRADE / ICE CLEAR US (Cont’d)…
• NYBOT Market Supervision, NYBOT 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 ______________ 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).
24
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.
– Details of what trade data and dates of data to be determined.
25
KANSAS CITY BOARD OF TRADE (Cont’d) …
• 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.
– 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.
26
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 – [email protected].
• 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.
27
NEW YORK MERCANTILE EXCHANGE (Cont’d)…
• 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).
28
NEW YORK MERCANTILE EXCHANGE (Cont’d)…
• 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 day’s 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.
29
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.
30
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
CFE
CBOT
CME
TCC
Eurex
Liffe
ICE
N
N
N
N/A
N
N
N
CBOE
Direct
eCBOT
GLOBEX
Back Up
Eurex
Prod.
CONNECT,
TRS
ICE
EXCH
Ping Testing
Y
N
Y
Y
Y
Y
Y
Successful Login from Members DR Site
Y
Y
Y
Y
Y
Y
N/A
N/A
Back Up Trading Floor Open
Systems
Trade Date
10/26
10/26
or
10/27
10/27
Receipt of 10 Orders from Members Via Pre-Defined Scripts
Y
N
Y
n/a
N
N
N
Transmit 10 Fill Reports to Member Firms
Y
Y
Y
n/a
N
N
N
Receipt of 10 Ex-Pit Reports from Member Firms Via Scripts
N
Y
Y
n/a
N
N
N
Receipt of PCS and Large Trader Reports from Members
Y
Y+
N
N
N
N
Download Previous Day Clearing Reports to Members:
-Match Off File
-Report File
-SPAN File
Y
N
Y
N/A
Y
N
Y
Y
Y
Y
Y
Y
All Production Systems Restored, Test Data Re-Set
Y
•CBOE Futures Exchange and CME will accept either October 13 or October 14 trade dates on order input..
+ CME will accept previous day (October 13) large trader report information.
NYMEX will use October 16 trade date
31
EXCHANGE AND CLEARING HOUSE TESTING MATRIX
KCBOT
MEFF
NYB/NYCC
NYMEX
PBOT
WCE
N
N
Y
Y
N
N
eCBOT
EOR,
ICE
TRADER
GLOBEX,
CPC,
CPTMS,
CM
Download
PBOT/XL
eCBOT
Ping Testing
N
Y
Y
N
N
Successful Login from Members DR Site
Y
Y
N
Y
10/29
10/26/07
Back Up Trading Floor Open
Systems
Trade Date
Receipt of 10 Orders from Members Via Pre-Defined Scripts
N
Y
Y
N
N
Transmit 10 Fill Reports to Member Firms
N
Y
Y
N
N
Receipt of 10 Ex-Pit Reports from Member Firms Via Scripts
Y
Y
Y
N
Y
Receipt of PCS and Large Trader Reports from Members
Y
Y
Y
N
Y
Download Previous Day Clearing Reports to Members:
-Match Off Files, Report Files, SPAN Files
Y
Y
Y
N
Y
All Production Systems Restored, Test Data Re-Set
Y
Y
Y
Y
Y
Y
•CBOE Futures Exchange and CME will accept either October 26th or October 27th trade dates on order input..
+ CME will accept previous day (October 26th) large trader report information.
NYMEX will use October 29th trade date
32
PRE-TEST COMMUNICATIONS
TESTING SCHEDULE
• September 29th:
CME, Clearing Corp., Liffe, ICE Futures,
NYBOT, NYMEX
• October 13th:
CME, Liffe, ICE Futures, NYBOT, NYMEX
33
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.
34
V.
TIMELINE AND NEXT STEPS
July 25
Bi-Weekly Call
August 8
Bi-Weekly Call
August 22
Bi-Weekly Call
September 5
Bi-Weekly Call
September 18
DR Symposium Meeting – CME, Chicago
September 20
DR Symposium Meeting – NYMEX, NYC
September 29
Ping Testing (CME, Liffe, ICE Futures, NYBOT, NYMEX)
October 3
Weekly Call
October 10
Weekly Call
October 13
Ping Testing (CME, Liffe, NYMEX)
October 17
Weekly Call
October 26
Friday - All Hands Call
October 27
Saturday – Industry DR Test
October 30
Post-Mortem Call
35
18 MORE WEEKS TO GO !