06/09/2004
The FIA IT Division hosted meetings in New York and Chicago in April with U.S. exchanges and clearing organizations, firms and key service providers to discuss interest in conducting an industry-wide test. The response was overwhelmingly in support of such a test and it was generally agreed that the first one should be conducted this fall.
The New York Mercantile Exchange would like your firm to participate in this test to ensure as comprehensive an exercise as possible. The FIA will be scheduling meetings in New York and Chicago to discuss the test and solicit feedback from participants. We hope that you or a representative of your firm will participate and learn firsthand how the testing will be conducted. In addition, the FIA will establish an industry-wide test site on its Web site, which will be updated as plans progress.
John Rapa, Tellefsen Consulting Group, and chairman of the FIA IT Division subcommittee on DR/BCP, has agreed to chair the Industry-wide DR Test Committee. Eric Aldrich (212 299-2947, bcp@nymex.com) will lead coordination efforts for the Exchange.
If your firm is a member of more than one of the U.S. futures exchanges or clearinghouses, you or your counterparts may receive a similar notification from other exchanges or clearing organizations, since this is an industry-wide testing initiative.
Please contact Eric Aldrich regarding your ability to take part in the October 9th test; or if you have any questions. We look forward to working with you on this important industry test.