FIA has fixed 15 October as the date for its 2022 Disaster Recovery Exercise, an annual coordinated effort to test primary and back-up site communications to and from derivatives exchanges and clearinghouses.
Business continuity testing is crucial to helping derivatives firms prepare unplanned market disruptions. However, conducting discrete tests of individual markets can be challenging and time consuming for organizations. FIA's annual event coordinates dozens of disaster recovery and business continuity teams across the cleared derivatives ecosystem, helping firms test their systems efficiently and effectively over just a single day.
Beginning in 2004, the annual FIA Disaster Recovery Exercise has been conducted to test primary and back-up site communications to and from derivatives exchanges and clearinghouses -- that is, both front- and back-office, and to verify round-trip connectivity and process recovery.
Past participation has included market participants from around the globe including exchanges, regulators, clearinghouses, FCMs, service providers, executing brokers and software vendors. Every firm involved in the global cleared derivatives industry that wants to test its business continuity plan is welcome to participate, even those that are not yet FIA members.
Registration is now open for the 2022, with a deadline of 7 October for all firms interested in participating. Pre-testing will take place in September. Visit FIA.org for more information or reports on previous exercises from prior years. If you have inquiries about participation, contact FIA's Steve Proctor at sproctor@fia.org.
