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25% of Firms Do Not Test ‘Worst Case' Scenarios

Traders Magazine Online News, November 5, 2012

Tom Steinert-Threlkeld

In a filing with the Securities and Exchange Commission on market stability, the Financial Information Forum said 25% of firms do not test their systems against ‘worst case’ scenarios and 25% only test new software releases. The filing was made the day after stock markets re-opened after the two-day shutdown caused by Hurricane Sandy.

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