Futures Industry Disaster Recovery Test Briefings June 8, 2011 “DR VIII” Prepared and Moderated by John Rapa, CBCP Tellefsen and Company, L.L.C.

AGENDA I.Introduction and Welcome II.Testing Goals and Objectives III.Review of Testing Protocol IV.Member Firm Readiness Discussion V.Timeline and Next Steps

I. INTRODUCTION AND WELCOME CBOE Futures Exchange: Dushone Embrey-Thomas MEFF Arturo Pinera CME Group: Bethany Netzel Minneapolis Grain Exchange: Todd Posthuma ELX Futures: Christopher Curtin Montreal Exchange / CDCC Edwige Poupart ICE Exchanges / ICE Clear US / ICE Clear EU: Russ Cotton, Brian Sayler NYSE Liffe US/ New York Portfolio Clearing: Steve Torretti Int’l Derivatives Clearing Group: Gino DiCarlo, Gerard Kopera Options Clearing Corp. Fabria Dean Kansas City Board of Trade Dan Umstattdt Tellefsen and Company: John Rapa

II.TESTING GOALS AND OBJECTIVES Test the basic ability to conduct business (order entry through clearing) from alternate/back-up facilities simultaneously Test disaster recovery capabilities among futures commission merchants, back-office service providers, recovery services providers and trading system vendors Test the connectivity between exchanges, clearinghouses and their constituents’ back- up facilities (“back-up to back- up”), and confirm member firms’ ability to send/receive information to/from their back-up facilities/interfaces Test end-to-end processing by exchanges through to, and including clearing houses; process actual test trades, produce test end of day reports with the test data.

GOALS AND OBJECTIVES … Continued Enter a small but meaningful sampling of orders and trades, carried out by a limited number of essential personnel from alternate locations Confirm the receipt/transmission of information to/from clearing members Transmit key clearing reports and information to clearing firms to verify “round-trip” communications.

III. REVIEW OF TESTING PROTOCOL Exchanges will specify products available for order entry/trading All exchanges will use their electronic trading venues for the test and process test data through to end-of-day reports for clearing members. Testing will take place between 9:00 AM and 3:00 PM EDT, unless otherwise specified. The FIA will manage the test via an open conference bridge (conference bridge number to be announced) Member firms will confirm connectivity with their respective exchanges/clearinghouses: –Pre-test connectivity testing will be offered, as applicable Unless so noted, firms will execute a pre-defined script of orders. Firms will use test accounts Exchanges will generate fill reports on the orders All firms will report results and confirm post-test production connectivity to the respective exchanges.

CBOE FUTURES EXCHANGE (CFE) Will use CBOEdirect back up ETS Trade entry via scripts: –Products to be traded: VIX futures Pre-test requirement - Users must register via the FIA website and establish back-up connectivity to CFE via the CBOE API Client Relations Group Order entry systems will reflect October 29th trade date: –Will accept either October 28th or October 29th trade date on order input.

CBOE FUTURES EXCHANGE (Cont’d)… The session will open at 9:30 AM EDT Transmission of trades to OCC via MQ Transmission of regulatory data to NFA via SFTP Pre-test connectivity tests will be offered on Tuesdays and Thursdays in October and on an ad-hoc basis. Please contact us to schedule a date/time Test plans will be distributed by August 31 st. Contact CBOE Client Relations Group with any test related questions: Dushone Embrey-Thomas contact info: – ,

CME GROUP Test Scope: Outage Scenario reflects Chicago Downtown not being available, including CME Jackson Direct and LNet. We will operating GLOBEX via the remote data center. There will not be any Open Outcry testing. Test Preparation: Ping testing will be held on August 27th and September 24th. Firms must register via the FIA website. Contact CME Clearing Support (CCS) team at (312) to obtain MQ and FTP DR IP addresses or RDC URL address. General questions may be directed to the Business Continuity Team - Support During the Exercise: Members should contact the Clearing Support Team (312) to report any issues with Clearing. Members should contact the GLOBEX Control Center at (312) to report any trading problems encountered throughout the test.

CME GROUP (Cont’d)… Test Execution - Globex: a) Verify firm connectivity: –All GLOBEX Markets will be open at approximately 7:30 AM EDT. –Any trades done prior to the start of the test will not be captured. –October 28 th or the 29 th are valid order entry dates. –All fills will be sent back to the Firms with the trade date of October 28th. –Firms can send a test order in any market. b) Order entry via test script as follows: –Enter bids as customer and offers as house at the settlement price in any market –Enter a total of 10 trades. –Firms should send orders in on ‘Floor Only Contracts, like the SPH2 that will be listed on GLOBEX for the test. –Firms may receive crossed trades and/or trades with other counterparties.

CME GROUP (Cont’d)… Test Execution - Clearing: a) Trade reporting to firms’ back office systems: –Firms will verify receipt and delete them. b) To connect to CME’s FTP server via the RDC, change your FTP IP address to CME’s remote site IP address: 1) Using Friday’s data, FTP the PCS and Large Trader reports. –CME staff will verify receipt and delete them. 2) CME will transmit Thursday’s Trade Register and SPAN files. –Firms will verify receipt of these files and delete them. 3) Connect to RDC URL and enter a block trade for 5000 –CME staff will verify receipt of the block trades and delete them. 4) CME staff will submit a series of OTC trades via ClearPort.

CME GROUP (Cont’d)… Conclusion of the Exercise: Delete any testing files. Switch back to CME production site IP address. Firms should contact the GCC at (312) to recap the test results.

ELX FUTURES ELX will participate in the October 29th 2011 FIA Disaster Recovery Test. Firms must register via the FIA website. All questions should be directed to the ELX Support , (U.S. only) or Firms should verify connectivity via Ping testing. Contact ELX Support to set up a ping test with ELX. Ping testing is available upon request. Trade date will be October 31st. Testing will occur between 9:00 AM – 12:00 PM EDT on Saturday, Oct. 29th All ELX UST and Eurodollar futures products will be available via eSpeed or supported API’s – No BLK or EFP type trades will be accepted. OCC will provide an end-of-day file for ELX test trades Specific testing guidelines will be provided to registrants – script will be a simple enter bid – hit bid scenario Post-Testing: Testers should confirm transmission of trades via the OCC to their respective back offices. ELX Support will be available to confirm trade details via EIS system.

ICE EXCHANGE The ICE Exchange secondary site in Atlanta will be used for the FIA DR Test on Saturday, October 29 th. The following markets will be available for testing: –ICE Futures US Sugar11 –ICE Futures US Russell 2000 –ICE Futures Europe WTI –ICE Futures Canada Canola Test markets will follow the schedule below (all times in EDT) –0001 PRE-OPEN –0900 OPEN –1200 CLOSE Interface availability: –All front-end trading interfaces (WebICE, ICE Block 2.0, FIX, Pricefeed) –All reporting interfaces (Deal Reports, Position Reports, etc) accurate based on test (and live OTC/NGX) trading activity –Back-office interfaces NOT available (Credit Management, Trader Admin, etc) IMPORTANT NOTE: All OTC and NGX markets will be open and live throughout the testing. NO testing is permitted in these markets. Any trades entered in these markets are valid trades and will be honored as such.

ICE EXCHANGES (Cont’d) …(2 of 3) Registration and user setup –Registration for the ICE Exchange is not required –All existing customers with valid trading IDs are welcome to participate –Existing production User ID and password will be used for login –No test/temporary IDs or access will be provisioned for the FIA DR testing Test administration and support: –All participants MUST clean up all backend system data after testing –No futures trades performed during testing hours will be valid –At the end of the DR testing period, all futures trade data will be deleted from the ICE Exchange and databases and no record of those test transactions will persist –The ICE Helpdesk ( ) will be available EDT –No network, DNS, or IP changes will be required to connect to the ICE Exchange secondary site during the ping test or the FIA DR Test IMPORTANT NOTE: All OTC and NGX markets will be open and live throughout the testing. NO testing is permitted in these markets. Any trades entered in these markets are valid trades and will be honored as such.

ICE EXCHANGES (Cont’d) …(3 of 3) Clearing Information: –All ICE Futures US trades will be submitted to the ICE Clear US secondary site –ICE Futures Europe and OTC cleared trade submissions to the secondary site are being evaluated –All ICE Futures Canada trade submission to the KCBOT backup site are being evaluated Ping test overview –Atlanta DR site will be available for the second ping test ONLY (SEP-24) –All futures markets will be closed, only ping and system logins will be permitted –OTC/NGX markets will be open for production trading – no test trades permitted –The system will be available for testing between EDT –The ICE Helpdesk ( ) will be available between EDT –No network, DNS, or IP changes will be required to connect to the DR site during the ping test or the FIA DR Test IMPORTANT NOTE: All OTC and NGX markets will be open and live throughout the testing. NO testing is permitted in these markets. Any trades entered in these markets are valid trades and will be honored as such.

ICE CLEAR US Firms must register via the FIA website Trade date will be Saturday, October 29th Clearing members will use production URLs for the following clearing applications: - AFTS- ECS - PTMS/ACT- eReports (Crystal) TIPS uses a different DR URL and hostname – see the documentation distributed to clearing members prior to the test MQ changes will be completed prior to the start of the test.

ICE CLEAR US (Cont’d)… Ping Testing Clearing members must verify connection to online clearing applications, using production URL’s. Ping testing will be conducted on Saturday, August 27 th and September 24 th from 9-12 PM These applications include: - AFTS- TIPS - PTMS/ACT- ECS - MQ- eReports (Crystal) For MQ, Clearing members must verify connection by sending an MQ ping through their channel.

ICE CLEAR US (Cont’d)… ICE Clear US applications will be available at 8:00 AM on Saturday, October 29 th BCP/DR support staff will be available up to and including test day. Please direct any questions to ICE will make a conference bridge available to clearing members on test day. Details will be distributed to registered CM participants prior to the test day. Beginning at 1:00 PM, ICE will revert all trading and clearing applications, including MQ channels, back to production. An advisory will be sent to test participants and announced on the ICE and FIA bridge call. Clearing members are strongly encouraged to confirm their reconnection to production at the conclusion of the testing.

ICE CLEAR US (Cont’d)… Test Cases – Test Day - Clearing members will use the post trade management systems (PTMS/ACT and TIPS) to accept test trades passed through to clearing by the ETS. -Clearing Members will login to ECS and eReports to verify connectivity. Test Files and Messages –FIXML trade messages will be sent to CMs via MQ. –CMs will access AFTS to deliver and receive files (production files from Friday, October 28th) PCS and Large Trader Match off files Clearing Reports (latest instance only eReports and AFTS) SPAN file (available through AFTS and CME web site) CM’s are required to complete and submit the checklist of results.

ICE CLEAR CANADA Firms must provide ICE Clear Canada the name(s) and phone number(s) of staff who will perform the testing by ing Connectivity pre-testing (ping testing) will be scheduled in advance of the test date. Firms will be advised of the date once scheduled. Clearing members will use production URLs to access reports and TEMS. The URLs will be re-directed to the DR site. Applications will be available between 8:00 AM and 10:00 AM CDT on Saturday, October 29 th ICCA support staff will be available up to and including test day. Please direct any questions to

ICE CLEAR CANADA (Cont’d)… Test Cases – Test Day –ETS trades executed on the test day will flow to TEMS. –Clearing members must demonstrate their ability to log into the ICCA website and TEMS. Test Script: –Participants will enter both matching sides of a transfer and verify the transfer matches. –Participants will download a report file from the main reports page of the ICCA website. –Once complete, participants will advise ICCA they have completed the test by ing

ICE CLEAR EUROPE Firms must register via the FIA website Verification of connectivity between firm and DR site via ping testing is scheduled for Saturday, August 27 th from 9-12 PM (EDT) Trade date will be Saturday, October 29 th Clearing members will use production URLs for the following clearing applications: ECS ( AFTS ( and SFTP) Crystal Reports ( PTMS ( ACT (

ICE CLEAR EUROPE (Cont’d)… ICE Clear Europe applications will be available at 8:00 AM EDT on Saturday, October 29 th No IP address changes will be necessary to connect to ICEU applications, including: - ECS - AFTS - Crystal Reports - PTMS - ACT BCP/DR support staff will be available up to and including test day. Please direct any questions to ICE will make a conference bridge available to clearing members on test day. Details will be distributed to registered CM participants prior to the test day. At 1:00 PM, ICE will revert all trading and clearing applications back to production. An advisory will be sent to test participants and announced on the ICE conference bridge call.

ICE CLEAR EUROPE (Cont’d)… Test Cases – Test Day –Trades executed on the test day will not flow into TRS, as the TRS/CPS systems are not within the scope of this test. Trade flow to PTMS/ECS is being evaluated for this test. –Members will be able to instruct bank transaction in ECS (banking instructions will NOT be sent to SWIFT), put and take reports, PCS and LGTR files from AFTS, and pull reports from Crystal. –Clearing members must demonstrate their ability to log into AFTS, Crystal, PTMS, ACT, and ECS to pass this portion of the test. Test Files: –CMs will submit Large Trader files via AFTS (production files from Friday, October 28 th ) –Banking and delivery reports delivered through AFTS –Banking and delivery Reports delivered through Crystal reports –SPAN file (available through AFTS and ICE web site)

INTERNATIONAL DERIVATIVES CLEARING GROUP (NFX/IDEX & IDCH) Ping testing must be scheduled with IDCG. Ping testing will be offered on August 27 th, with an optional date of September 24 th Will use the IDEX XT trading system from the DR site. Trade orders can be received at IDEX Market Operations. Trades can be reported and automatically matched and executed with a trade date of Saturday, October 29th Trade confirmations will be generated and transmitted to firms. NFX/IDEX trades will be automatically processed for clearing and settlement to the IDCH. Firms must notify the IDCG Market Operations Group upon completion of the test via phone ( ) or –Contact information for testing: Gerard Kopera(Director of Operations) 646/ , Gino DiCarlo (Principal Network Engineer) 646/

KANSAS CITY BOARD OF TRADE (KCBT) Two components of Kansas City Board of Trade test: –Injection of GLOBEX trades into KCBT clearing remote data center –Entry of open outcry trades into KCBT clearing remote data center For GLOBEX portion of test: –Refer to CME Group information for hours and procedures on CME GLOBEX. –Trades will be injected from GLOBEX to KCBT clearing –Trade date sent from GLOBEX will be October 28th –Enter bids and offers in KCBT Wheat (KE) or Wheat Options (OKE) at the previous day’s settlement price (this will ensure your trade matches with other participants). Either October 28 th or 29 th may be used for trade date, but the KCBT Clearing Corporation will be running on a business date of October 29 th.

KANSAS CITY BOARD OF TRADE (Cont’d) … KCBT open outcry portion of test: –KCBT Clearing will contact designated firm representatives for KCBT and provide details on trades that will need to be entered for open outcry –Request that each firm work with their people responsible for daily interaction/operation at KCBT to ensure continuity of documentation and communication –Clearing login information and instructions have been provided to those responsible for interaction with the KCBT/KCBT Clearing Corp. –Clearing will determine any pre-testing requirements with firms Upon completion of trade entry for GLOBEX and open outcry, ex-pit, trade files will be generated and be made available for download. NOTE: Failover from KCBT primary data center to remote data center uses DNS. Firms requiring explicit IP information should work directly with KCBT Clearing to ensure connectivity.

MEFF Trade date will be Saturday October 29th Will use the MEFF production ETS environment Members will be able to trade During the test MEFF will failover to the backup system Once the failover is complete, members will be able to continue trading Members will be able to get reports of their trades Back office systems will be prevented to enter this test MEFF contacts: –Enric Padro – ( –Arturo Pinera – (

MINNEAPOLIS GRAIN EXCHANGE (MGEX) Firms must register on the FIA website to participate in MGEX clearing test. Firms having technical issues with MGEX Clearing may call the MGEX Clearing group at (800) (option 3 then option 1), for support. Trades entered for MGEX products into the CME GLOBEX platform will be cleared by MGEX Clearing using the MGEX DR Site. MGEX Open Outcry trades will be entered in the TEMS system. Trade date should be the previous day’s date (October 28th). After Trade Entry is completed, trade files (TREX files) will be generated by the MGEX DR Clearing Server and placed on the MGEX DR FTP server. The MGEX DR FTP server is accessible via IP with the same logins and passwords as the production system. Please contact MGEX Clearing group for information or support pertaining to the FIA DR Test.

TMX GROUP – MONTREAL EXCHANGE (MX) MX will recover to its Toronto Back-Up Site –Firms will verify connectivity and can send/receive messages –No network, DNS, or IP changes will be required to connect to the DR site during the connectivity test or the FIA DR Test –Firms must register via the FIA website MX Markets will be in Pre-Opening state. This will happen at approximately 9:00 AM EDT –No trades will occur during the Pre-Opening period –MX Market test are completely automated The market will open 9:30 AM EDT –Orders must be entered with a October 29, 2011 Trade Date (day orders only) –Broadcast of trades transmitted to firms via SOLA Trading protocols (HSVF, ATR) –No trades performed during testing hours will be valid –All participants MUST clean up all backend system data after testing –No give-ups will be processed during the day of the test

CANADIAN DERIVATIVES CLEARING CORP. (CDCC) CDCC will recover to its Toronto Back-Up Site –Members will verify connectivity and can send/receive messages –No network, DNS, or IP changes will be required to connect to the DR site during the connectivity test or the FIA DR Test –Members must register via the FIA website –There will be NO access to the member FTP site nor Reporting environments Markets will be in Pre-Opening state. This will happen at approximately 9:00 AM EDT –No trades will occur during the Pre-Opening period –MX Market test are completely automated The market will open 9:30 AM EDT –No trades performed during testing hours will be valid –All members MUST clean up all backend system data after testing –Trades will flow from MX to CDCC’s environment –Trades & Positions will be available for validation via Clearing Manager –No give-ups will be processed during the day of the test

MX / CDCC (cont’d) Important Dates  Connectivity testing will be offered on October 1st, 2011 for both MX and CDCC participants/members Contact  Contact Edwige Poupart with any Montreal Exchange business:  Contact Michael Barbara with any CDCC business questions: ext  Contact Sara Hoffland with any technical questions:

NYSE LIFFE U.S. / NEW YORK PORTFOLIO CLEARING NYSE Liffe Connect will be failed over to the secondary site in NY for the duration of this test. Users must register via the FIA website and be able to establish back-up connectivity to NYSE Liffe U.S. Order entry only will be permitted by the exchange in the MSCI Pan Euro contract (CFMPP) on the day of the test. Daily orders to be entered only by members participating; no GTC orders. The NYSE Liffe U.S. Market will be brought up into a pre-open state for the duration of the test, 09:00 to 13:00 EDT to allow order entry. NYSE Liffe U.S. Market will reflect October 28 th trade date for order entry

NYSE LIFFE U.S. AND NEW YORK PORTFOLIO CLEARING (Cont’d) … NYPC TRS Will be available for members to login and view TRS reports from October 28 th. Back office members will also have the opportunity to perform PC Gateway downloads for the October 28 th also. NYSE Liffe U.S. will support ping testing on 08/27 and 09/24. NYSE Liffe U.S. contact for any test related queries: Steven Torretti

OCC OCC will test from their DR site Pre-testing will take place on October 1 st. In order to test from your DR/alternate site, OCC requires the following mandatory information: –Identify if you will be testing from DR or Production for the pre-test; the main test –Confirm all connectivity method(s) that apply (e.g., FTP+ Pull/Push, SFTP, NDM, MQ) –Provide test day contacts for each of the connectivity methods selected above –Provide IP addresses of your DR location (per service/host) –DR Node (NDM and FTP+ Push testers) with login ID and password –Port Number (NDM, FTP+ Push, and MQ testers) –Identify any MQ configuration changes from your production environment –Provide the dataset file name you will use for testing outbound (from OCC) transmissions –Do you send inbound transmissions directly to OCC? If Yes: Dataset name you plan to send to test Inbound (to OCC) transmission (if applicable). Please use a production dataset name with a trailing “.test”. If No: No action required.

OCC (Cont’d) … Test scripts will be issued to all registered participants All IP addresses and TCP Ports for the OCC will remain the same as they are in production for this test When all testing is complete, your confirmation to ENCORE will be available for testing, but is not a requirement to successfully test with OCC Should you have any questions prior to or on the scheduled test day, feel free to contact your Member Services Representative at (800) option 2.

EXCHANGE AND CLEARING HOUSE TESTING MATRIX

IV.MEMBER FIRM READINESS Discussion with member firms as to their state of readiness: –Back-up systems/communications links –Order entry and routing –Give up processing –Clearance and settlement –Use of third party service providers Major issues or concerns Info on 2011 SIFMA DR test Potential date – 2012 industry test.

V.TIMELINE AND KEY DATES

19 WEEKS TO GO !