Reminder of Upcoming IEX Regulation SCI BCP/DR Testing

IEX Trading Alert #2016 - 044

Overview

In accordance with Regulation Systems Compliance and Integrity ("Reg SCI"), Investors Exchange (the "Exchange" or "IEX") will conduct testing of its Business Continuity and Disaster Recovery Plans ("BCP/DR") during the planned SIFMA industry-wide test on Saturday, October 15, 2016. Pursuant to IEX Rule 2.250, Members that, based on volume executed on the IEX ATS during the six (6) calendar months from December 2015 - May 2016, inclusive, represent 5% of IEX ATS ADV have been designated as mandatory participants in this test. At this time, all such designated firms have been notified of their requirement to participate.

IEX encourages all members of the Exchange to participate in testing and welcomes any firms to contact IEX Market Operations to establish connectivity to the Disaster Recovery ("DR") environment for this BCP/DR test. In addition to establishing connectivity to the DR environment, Market Operations will also work with Members to ensure their clearing firms are connected to the DR environment.

Please review the IEX DR Playbook for additional information on the DR environment and BCP/DR test, including the formal test script.

IEX Disaster Recovery Environment

The DR environment supports all matching and routing functionality offered by the Exchange. Additionally, direct data feeds offered by the Exchange are available from the DR environment. Unlike the primary trading environment (where direct feeds are utilized), the DR environment utilizes the Securities Information Processor ("SIP") for quotation data. For additional information regarding the DR Environment and establishing connectivity, please review IEX Rule 11.510 and the Investors Exchange Connectivity Manual.

The DR environment is located at the Equinix (CH4) data center, 350 E. Cermak Road, Chicago, IL.

DR Environment Connectivity

Members should contact Market Operations to establish connectivity to the DR environment in one of two ways:

  • via cross connect: Members must complete and submit a Physical Connectivity Order Form to IEX Market Operations.
  • via extranet: Members must first contact their extranet provider to arrange connectivity and then IEX Technology Operations & IEX Market Operations for the target IP address.

See the Investors Exchange Connectivity Manual for additional details on IEX's approved extranet and telecommunications providers.

Participants will not require additional sessions for the DR environment, however specific IP addresses are assigned for DR environment.

BCP/DR Test Timeline

To support this test, the DR Environment will be open for trading on Saturday, October 15, 2016 during the following sessions:

  • Pre-Market Session: 08:00AM ET- 09:30AM ET
  • Regular Market Session: 09:30AM ET- 12:00PM ET
  • Post-Market Session: 12:00PM ET- 1:00PM ET

Clearing and settlement activities will occur from 12:00PM - 6:00PM ET.

More Information

Please contact IEX Market Operations with any questions:

About IEX

IEX is on a mission to build fairer markets. Founded in 2012 and headquartered in New York City, IEX introduced its first trading venue in 2013 and launched as a U.S. stock exchange in 2016. IEX is the stock exchange that believes that every investor has the right to trade on equal and fair terms, on every trade. Learn more at: iextrading.com.