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Trading Spaces When the Lights Go Out

Power Outages and Disease Top Disaster Recovery Worries

Traders Magazine, February 2007

Melanie Wold

Disaster recovery and business continuity planning are essential for financial services firms, partly because they don't want to see any interruptions in their business if the worst should happen, and partly because of demands from regulators. Business continuity plans have been through some stress-testing for terrorist attacks and hurricanes in the past few years; and most large equities firms are now better prepared to deal with similar issues should they happen again. But, as if brokerage firms didn't have enough to worry about, there are two new worries to add to the list

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