Industry BCP/DR Test Test: October 14, 2017 All Participants - - PowerPoint PPT Presentation

Industry BCP/DR Test

Test: October 14, 2017

All Participants Meeting and Project Overview

• April 19, 2017

2

Meeting Agenda

• Introduction
• Project Structure (Scenario, Objectives, Exclusions)
• Road Map, Milestones & Deliverables
• Participant Responsibilities and Information requirements
• Project iMeet Central Portal - Demo
• Question Period

3

Introduction

• Dealer Members perform annual BCP tests as required by IIROC Rule 17.16
• Dealer Members perform annual connectivity tests with key suppliers, vendors and

market infrastructure utilities

• Utilities perform failover tests and provide access for members to test on backup site
• 2017 Industry Test is one component of the BCP/DR tests carried out by members &

utilities to certify their capability as required by the IIROC BCP Rule

• 2017 Industry Test is the 5th such event in a 12 year plan to test potential disruptions to

the capital markets in Canada.

4

Test Project Structure

Steering Committee for Contingency Planning and Business Continuity Requirements Includes participants from: Dealer Members, Utilities and IIROC

5

Test Scenario

The scenario for 2017:

• The test scenario for the 2017 industry test is for IIROC's Dealer Member

participants to test out of their production/primary data processing sites. and

• Service providers will be testing out of their DR data processing sites.

6

Test Goals and Objectives

• The goal for members is to validate their ability to process transactions from

normal trading and back office locations via their primary data processing sites, connecting to service providers who will be operating in their respective back-up (DR) sites.

• The goal for service providers is to validate their ability to process

transactions without access to their main data centres.

• The objectives are to:
• Confirm connectivity between member primary facilities and service provider

alternate facilities

• Confirm test transactions can be completed from members’ primary work

locations to service providers' alternate data centres

• Complete a set of pre-arranged transactions
• Identify any issues or impediments

7

We will not:

• Test failover from production to DRP sites for dealer member participants
• Utilities only will move to BCP and/or DR site
• Test the capacity of the markets or member backup sites
• transaction volumes for a capacity test not feasible in 2017
• Test every transaction variant used in normal markets
• Test TSX Smart Order Routing
• Test MQ with CDS
• Test redundancy of telecommunications infrastructure
• Perform Latency testing for Equity transactions
• Perform any batch processing for transactions executed during the test
• Settle trades or move money

8

Project Scope

• Test transactions for Equities, Mutual Funds, Fixed Income, ETF, GICs,

Futures and Options, selected Back Office transactions.

• Retail and Institutional functionality
• Manual order routing and selected smart order routing
• IIROC Crisis Communication Centre
• IIROC Market Surveillance

9

2017 IIROC Industry Test Market Infrastructure

CDCC

Member2 Member1 Carr. Member3 CARR. Member4 Member5 Member 60

ITS IRESS Fidessa

Alpha TSX TSX V PURE NASDAQ Omega Tri-Act CSE

Broadridge

MX

Intro Member2 Intro Member1

FundSERV SS&C

Cannex Candeal IIROC Surveillance IIROC CCC Message CBID

IBM

CDS

Aequitas

10

Differences from normal trading

• TSX Trade Date Saturday October 14, 2017
• Test symbols for Equities, Mutual Funds, Options, Futures, ETF
• Test product for CDS MM
• Smart Order Routing for TSX not available (SOR provided by other

utilities will be available)

• Datalinx feeds from TSX not available:

– - Consolidated Data Feed (CDF) – - Canadian Best Bid and Offer (CBBO) – - Consolidated Last Sale (CLS) – - Consolidated Depth of Book (CDB)

11

Project Road Map

April May - July October 14

• Oct. – Nov.

Design Build Perform Assess

• Scenario
• Objectives
• Enlist Participants
• Document test structure
• Trans. test scripts
• Mechanics
• Support infrastructure
• Develop success criteria
• Perform pretest
• Implement test

support

• Perform test
• Document test results
• Collect feedback
• Create test report

12

Project Milestones & Deliverables

Design Phase

Date Deliverable Completed Scenario, Objectives Completed Participant list (members & service providers) Completed Participants questionnaire templates created (in Word and in Portal) Completed Transaction profiles (Appendix A) April 19: Participants meeting Build Phase Date Deliverable May 31: Participant questionnaires to be completed and submitted in the portal June 30: Participants Matrix – including mapping service providers to members June 30: Test details - date, timeline, securities, transactions, counterparties July 30: Test Scripts vetted with utilities for feasibility Aug 31: Test Scripts distributed Sept 15: Support Plan built

• Sept. 20: Second all participants meeting

13

Project Milestones & Deliverables

Perform Phase

Date Deliverable Sept - Oct: Pre-test connectivity test (subject to service provider availability) Sept - Oct: Distribute final test specs (if necessary) October 14: Perform test

Assessment Phase

Date Deliverable Nov 3: Document test results Nov 24: Assemble participant feedback Dec 15: Distribute test reports Dec 22: Archive project artifacts

14

Participants Responsibilities & Information Requirements

1. Assemble internal project team (business, IT, other), as applicable 2. Determine which transaction profiles to be tested 3. Determine counter party requirements (CDS MM) 4. Determine the extent of the internal tests a) Service provider failover included on test day b) Carrying – Introducing Broker arrangements c) Business IT involvement d) Arrange & execute additional tests in addition to IIROC test 5. Complete test information questionnaire provided by IIROC 6. Schedule connectivity pre test with utilities if required 7. Inform telecom supplier of test date to ensure availability on test day 8. Mobilize test resources on test date - October 14, 2017 9. Provide response to the CCC communication 10. Provide feedback and results after the test

15

iMeet Central Portal Overview

• Central Desktop in 2015 is now iMeet Central in 2017
• Project portal is available to all test participants
• Single User ID has been assigned to the primary contact of each firm
• User ID is to be shared with all those involved in your company
• Multiple concurrent sessions for one account are permitted
• Participants can read and print material from the Portal

The portal and a conference bridge will be the primary communication tools for support on test day Messages from the support team will be broadcast on test day Project portal is interactive and used for:

• Project team communicating to participants
• Project announcements
• Dealer Members and service providers communicating with other participants
• Dealer Members and service providers communicating with the project team
• Test day support and forum for interactive discussion

16

Your Questions

17

Portal Demonstration Des O’Callaghan

18

Appendix A Test Transaction Profiles

19

Equity Order Routing

Carrying Member

TSX V TSX CSE Omega Others Service Bureau

(IBM, Broadridge)

Aequitas Order Routing

Service (IRESS, Fidessa, ITS)

Equity Order Routing

• primary market
• secondary markets

Introducing Member

20

Equity Order Fill Routing

21

Mutual Fund Order Routing

Mutual Fund Order Routing Carrying Member

Service Bureau

(IBM, Broadridge)

Introducing Member

1, 2

Fundserv

• 1. Orders routed in real time
• 2. Orders routed in batches at the discretion of the member
• 3. Orders entered directly on Fundserv WEBSITE (< 2%)

Fundserve Website

3

Reject Information Contract Information

22

Fixed Income Trade

CDS MM Trade Trade

FI Trade

CDS

Service Bureau

(IBM, Broadridge)

Member2

1

• 1. Orders entered directly on CDS market
• 2. Product uploaded to CDS by members

Member1

• 2. Create FI Product

Contract Information

23

Fixed Income Agency Trade

FI Agency Trade

CBID

Service Bureau

(IBM, Broadridge)

Member

1

• 1. Orders entered directly on CBID market

Contract Information Batch File Contract Information Manual Entry