Electronifie Securities LLC ("Electronifie" or the "Firm") has developed a Business Continuity Plan ("BCP" or the "Plan") detailing how the Firm will address the possibility of a future Significant Business Disruption ("SBD") and respond to events of a varying scope which may impact the Firm's business. Since the timing and impact of disasters and disruptions is unpredictable, the Firm will have to be flexible in responding to actual events as they occur. With that in mind, the Firm is providing you with this information regarding its Plan.
If, after an SBD, you cannot contact Electronifie as you usually do at (646) 517-6540, you should go to its Website at www.electronifie.com. If you cannot access the Firm through either of those means, you should contact the Firm's clearing firm, Industrial and Commercial Bank of China Financial Services LLC ("ICBC") at (212) 993-7357 or james.dealto@ICBKFS.com for instructions on how it may clear and settle your orders and for instructions on how it may clear and settle your orders. If you trade on the Electronifie ATS through an intermediating broker, please reach out to your associated broker.
Electronifie plans to quickly recover and resume business operations after an SBD and respond by safeguarding its employees and property, making a financial and operational assessment, and protecting the Firm's books and records. In short, the Firm's BCP is designed to permit the Firm to resume operations as quickly as possible, given the scope and severity of the SBD.
Electronifie's BCP addresses: data backup and recovery; all mission critical systems; financial and operational assessments; alternative communications with Subscribers, employees and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our Subscribers prompt access to trade if we are unable to continue our business.
Electronifie's clearing firm, ICBC, will back up important records in a geographically separate area from the Firm's Main Office. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, ICBC's objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within four (4) hours. Settlement confirmation of your orders could be delayed during this period.
SBDs can vary in their scope, such as only affecting Electronifie, a single building housing the Firm, the business district where the Firm is located, the city where the Firm is located, or the entire region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only the Firm or a building housing it, the Firm will transfer its operations to a local site when needed and expect to recover within four (4) hours and resume business within the same day. In a disruption affecting Electronifie's business district, city or region, the Firm will transfer its operations to a site outside of the affected area, and recover and resume business as quickly as possible. In either situation, the Firm plans to continue its business, transfer operations to its clearing firm if necessary, and notify you of how to contact the Firm.
Any questions regarding Electronifie Securities LLC's BCP should be directed to: Eric Allmendinger, Chief Compliance Officer and Chief Operating Officer, via telephone at (646) 517-6534 or email at firstname.lastname@example.org.