Test Overview and Results
Read the full report.
The 2013 test followed the format of prior industry-wide tests where firms submit test orders and transactions from their backup sites to the markets and industry utilities. The test involved components for Equities, Options, Fixed Income, Clearing and Settlement Utilities, Market Data, Payment Systems, Treasuries, Commercial Paper and FX. The exercise was supported by all major exchanges, markets and industry utilities. Participation in the test was voluntary and results for specific firms, exchanges, markets and utilities are retained in strict confidence by SIFMA.
Participants in the SIFMA test included 128 securities firms and 62 market organizations. During the test approximately 985 communications connections were establish between securities firms and banks and the exchanges, markets and utilities. Test transactions on these connections were successful 97% of the time. These results were generally comparable to prior tests. These results underscore the ability of the securities industry to operate through adverse conditions.
Overview
Save The Date: The next test will be held on Saturday, October 25, 2014 from 9:00am EST to 1:00pm EST.
This is a critical exercise that highlights our industry's ability to operate through a significant emergency using backup sites, recovery facilities and backup communications capabilities across the industry. SIFMA urges all firms to participate in this important event.
Overview Presentation on 2013 SIFMA Industry Test 
Test Components
Industry-wide tests follow a consistent format whereby firms submit test orders and transactions from their backup sites to markets and utilities.
The test is supported by all major exchanges, markets and industry utilities. The exercise involves test transactions for commercial paper, equities, options, futures, fixed income, settlement, payments, Treasury auctions and market data. On the same day, the Futures Industry Association (FIA) leads the futures test component and Financial Information Forum (FIF) coordinates market data vendors and service bureaus.
SIFMA compiles and discloses aggregate test results (but not individual performance). For prior year's test results, please view our Archives.
Summary of Test Components (XLS)
Test Scripts from Exchanges, Markets and Utilities
Archives
The Archives hold relevant documents from prior year's industry-wide tests.
