Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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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.