The Exchange's markets are closed today, August 5, 2024.
August 1, 2024Technical Notice 24-007
MX Participation in the FIA and SIFMA 2024 Disaster Recovery Tests
The Montréal Exchange (MX) will be participating in the aligned Futures Industry Association (FIA) and Securities Industry and Financial Markets Association (SIFMA) Disaster Recovery tests on Saturday, October 5th 2024, including the pre-connectivity test held on Saturday, September 14, 2024.
This notice details the sequence of events during the Disaster simulation. It also provides information on registration and contact information.
The purpose of this test is to establish and confirm connectivity. As stated in the TMX Information Technology (IT) policy, "PING" testing is not permitted, therefore all MX Participants will need to connect to MX systems in order to test and validate connectivity.
Participants can test connectivity with the following services:
On Saturday October 5, 2024 Test Day Timelines Overview
*System will be up at the latest by 11
This notice details the sequence of events during the Disaster simulation. It also provides information on registration and contact information.
| SIFMA – FIA | Pre-Connectivity Test |
| Date | 14 September 2024 |
| MX Participant Start Time | 10 h |
| MX participant End Time | 13 h |
The purpose of this test is to establish and confirm connectivity. As stated in the TMX Information Technology (IT) policy, "PING" testing is not permitted, therefore all MX Participants will need to connect to MX systems in order to test and validate connectivity.
Participants can test connectivity with the following services:
| SAIL | FIX | ATR |
| Drop Copy | TMS | Clearing API |
| MX FTP/SFTP Server (EOD and PAR Reports) |
LOPR | HSVF |
| OBF (Order-Book Feed) |
On Saturday October 5, 2024 Test Day Timelines Overview
Time |
Access to Primary or back-up system |
Instrument state |
|
| 7:00 am – 8:20 am | Primary | Pre-open | |
| 8:20 am - 8:45 | Markets Open | ||
No access 8:45 am – 11 :00 am* |
8:45 am – 9:00 am disaster simulation | Market out of service |
|
| 9:00 – 11:00 recovery | |||
| Time of recovery until 1:30 pm | Back-up/DR | 15 minutes - Pre-Open | |
| Markets Open | |||
Pre-Failover
Starting at 7:00 am EDT, the Primary site (MCC) will be up and running and participants will be able to engage connectivity.
Disaster Simulation and Recovery
Between 8:45 am to (latest) 11:00 am
Post-Failover
Between 9:00 am - 11:00 am EDT, MX will have switched over to the back-up location in Toronto (DR site known as TCF).
Starting at 7:00 am EDT, the Primary site (MCC) will be up and running and participants will be able to engage connectivity.
- Selected instruments will be in a pre-open phase. No trading will occur before 8:20. Between 8:20 and 8:45 the instruments will be in continuous trading mode (matching prices will produce trades)
- MX will not be using its production database for these tests. The order book will be empty when tests begin. Orders must be entered with October 5 date (day orders only)
Disaster Simulation and Recovery
Between 8:45 am to (latest) 11:00 am
- 8:45 am: MX will abruptly interrupt SOLA trading. In the approximate 15 minutes that follows, POP access will also be interrupted. In consequence, the primary site will be isolated by a network failover.
Post-Failover
Between 9:00 am - 11:00 am EDT, MX will have switched over to the back-up location in Toronto (DR site known as TCF).
- Immediately following the conclusion of our recovery process, we will offer a 15-minute pre-open period, followed by an instrument state change to allow for continuous trading. Products will remain in a tradable state until 1:30 pm EDT.
- There is no continuity between the pre-open session and this one. Our back-up system will start as if it were a new day. If you were previously connected to our system, please make sure to reset your system to avoid de-synchronization of messaging.
- All orders entered during the pre-failover period will be in the system except while connected ( as everyone will get disconnected) and BulkQuotes messages.
- Order book reconciliation will be possiblethrough:
- SAIL users: AF message (Order Request)
- FIX users: AF message (Order Mass Status Request) - Please refer to the Disaster Recovery Client Impact Guide available on our webstore(www.tmxwebstore.com)
- During the test, MX Participants and ISVs will be able to connect to the MX Production network (IP & ports) from their Disaster Recovery (DR) environment. MX will redirect participants to the MX DR environment in a seamless fashion.
- MX Participants must be in a position to maintain their connectivity to the MX from TCF. MX will ensure connectivity.
- MX POPs are located in Markham and Toronto.
- Participants will not be required to make network, DNS, or IP changes in order to connect to the MX DR site during the tests.
- MX will provide bids and offers for instruments. Participants will be able to lift or hit MX market. Firm IDs (mnemonic) representing the MX will be 901 and 902. ➢ During the exercise MX will be sending periodic status emails.
Scheduled testing appointments are not needed. If required, the Derivatives Operations and TMX Group IT support staff will be on-site and available to assist, but please provide your email to TMX Market Operations if you are participating in the DR testing.
Please note: Tests will only be considered conclusive if a participant has executed at least 2 trades during the post-failover.
Once your tests have completed, please send an email to DR-BCSupport@tmx.com with the following:
Participation to: FIA and/or SIFMA
Firm name and ID: ABC / BDM004
Application tested: ATR, TMS, HSVF, etc.
Successful trade on: BAX, SXF, SXO, SU or MFC
Comments: Describe any issues you may have encountered during the test, including how they were resolved or if further investigation is required.
Upon conclusion of our testing window at 1:30 pm EDT, the Production environment will be immediately brought down and scheduled for reactivation at its regular time on Sunday, October 6th, at 10:30 am EDT. Please monitor your connections once your processes have reinitialized and report any issues or outages to the Technical Service Desk by phone at 514-871-7872.
Test Symbols
| Transaction Type (buy/Sell) | Security Identifier (Symbol/CUSIP/ISIN) | MX Prices | |
| Buy | Sell | ||
| B/S | CRA March 2027 CRAH27 |
96.75 | 97.75 |
| B/S |
SXF December 2025 SXFZ25 |
1325.00 | 1450.00 |
| B/S | SXO Nov 2024 1350.00 Put SXO 241115P1350.00 |
25.00 | 35.00 |
| B/S | RY Dec 2024 150.00 Call RY 241220C150.00 |
7.00 | 12.00 |
| B/S | ENB Nov 2024 48.00 Put ENB 241115P48.00 |
0.05 | 1.50 |
Test Registration
As we have two organizations sponsoring this annual test, we expect a large number of firms participating. To facilitate the coordination and appropriate level of communication on test day, please ensure to officially register working staff via the respective websites of the association or organization towards which your firm plans to participate. Please find links below:
FIA website
https://secure.fia.org/bcp/test-registration.asp
SIFMA website
http://www.sifma.org/services/bcp/industry-testing/
| For more information regarding this notice, please contact Market Operations Team: | |
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