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Thinking the Unthinkable Trading Firms Look for Backup Sites

Traders Magazine, September 2001

Peter Chapman

New York's trading commu nity is scrambling to change its disaster recovery plans. Most brokerages were apparently unprepared for the magnitude of the September 11 calamity at the World Trade Center. Their back-up plans were predicated on localized damage that was easily reparable within a week. Skeleton crews would simply maintain positions in small back-up facilities or other offices until it was safe to return.

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