US securities industry gears up for business continuity test

The Securities Industry Association, The Bond Market Association, the Futures Industry Association and the Financial Information Forum will lead an industry-wide business continuity test in the United States on Saturday, October 14th, 2006.

The objective of the test is described as: “[to] Exercise and verify the ability of firms, markets and utilities to operate through an emergency using backup sites, recovery facilities and backup communications capabilities across the industry.”

The test will not simulate an outage in any specific geographical area, but will test market connectivity.

Components tested will be:
Equities: DTCC
Fixed income: Market Data
Options: Payment Systems
Futures: Money Markets

The Securities Industry Association will compile the results of the test and will publish a report.

For more details see:
http://www.sia.com/business_continuity/html/industrytest06.html

•Date: 13th October 2006• Region: US •Type: Article •Topic: Testing and exercising
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