Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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April 1, 2003

Wall Street Prepares for Disaster

By Staff Reports

The top brokerages are on a war footing. And, in some cases, executives at these firms are managing operations from remote locations until the war is over.

This is one of the steps to provide business continuity, a measure designed to prevent the same interruptions that occurred after the September 11 tragedy.

Some large brokerages now maintain separate off-premise command centers where their executives can gather, according to Ken Smith, president of SunGard Planning Solutions. He said these centers have banks of phones and whiteboards. They have the capability to manage any incident.

Meanwhile, the Bond Market Association has a procedure in place for a potential disaster: It's a prearranged conference call so members can get a grip on what's needed to keep trading active.