Financial Market Infrastructure

When you are the infrastructure.

Clearing houses, exchanges, CSDs, and payment systems sit at the centre of the financial system. iluminr helps your teams rehearse the severe-disruption and recovery scenarios where there is no room to fail.

CCPs & clearing/Exchanges & venues/CSDs & settlement/Payment systems/Custodians
The challenge

When failure turns systemic.

Failure is systemic

An outage at a market infrastructure ripples across the entire market within minutes.

The highest oversight bar

CPMI-IOSCO PFMI and DORA hold market infrastructures to the strictest resilience standard.

Recovery measured in minutes

Recovery time objectives are tight, public, and continuously scrutinised.

How iluminr helps

Practice at the center of the market.

Test the unthinkable

Exercise severe disruption to clearing, settlement, and trading functions.

Coordinate teams and participants

Practise the decisions and communication across your operation and your members.

Evidence for oversight

Defensible proof aligned to PFMI and DORA.

Example Microsimulations

Events with no room to fail.

Clearing

A CCP default-management event

A major clearing member defaults. The default waterfall, member calls, and communication run against the clock.

Settlement

Settlement fails cascade

A processing fault drives settlement fails. Containment and member coordination decisions collide.

Cyber

An attack on core matching

An intrusion threatens market-critical systems. Containment and continuity move together.

Connectivity

Connectivity drops at peak

Links to members degrade during peak volume. Recovery and communication land under pressure.

Mapped to your obligations

Mapped to PFMI and DORA.

CPMI-IOSCO PFMIFMI principles
DORAEU op resilience
ESMAEU oversight
CPMI-IOSCO CyberCyber guidance
NIST CSFCyber framework
Capability Intelligence

Proof for your overseers.

Recovery proven

Tested recovery against your real recovery time objectives.

Oversight-ready evidence

Defensible records aligned to PFMI and DORA.

Continuous assurance

Capability stays current between exercises.

Questions

Market infrastructure, answered.

Does this support PFMI expectations?
Microsimulations exercise resilience and recovery in line with PFMI and DORA. Your teams confirm sufficiency.
Can we include member and participant coordination?
Yes. Scenarios can reflect the participants your response depends on.
How tight can recovery scenarios be?
Scenarios reflect your real recovery time objectives, including two-hour recovery expectations.

Practice is the new proof.
See it in your world.

See iluminr in action