23 October 2017
Register now

Nasdaq to conduct disaster recovery tests

16 January 2004  |  4809 views  |  0 Nasdaq to conduct disaster recovery tests

The Nasdaq Stock Market is to conduct two market-wide disaster recovery tests as part of its business continuity planning programme.

Nsadaq will invite all its customers to participate in the tests, the first of which takes place on Saturday 21 February 2004, with the second planned for a Saturday in late March or early April.

The first test will enable customers to test their disaster recovery and back up procedures with Nasdaq's primary Connecticut facility. During the second test, Nasdaq will operate a market from its Maryland facility and firms will have the option to test from either their existing or alternative locations.

Steve Randich, chief information officer and executive vice president, Nasdaq, says the market-wide disaster recovery tests will verify market preparedness.

"The Securities and Exchange Commission and the Securities Industry Association have been strong advocates of industry testing along with Nasdaq and as such we urge all Nasdaq's market participants to take part in these upcoming tests," says Randich.

Nasdaq says market participants who are successful in connecting to its systems from their backup facilities will be included in the monthly disaster readiness report that it presents to the Securities Industry Association.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nasdaq to terminate Primex Trading agreement

Nasdaq to terminate Primex Trading agreement

05 January 2004  |  3162 views  |  0 comments
Inet to join SuperMontage

Inet to join SuperMontage

04 November 2003  |  5988 views  |  0 comments
Nasdaq hires Janet Lewis and Jeffrey Singer to drive sales

Nasdaq hires Janet Lewis and Jeffrey Singer to drive sales

29 October 2003  |  5993 views  |  0 comments
Radianz connects extranet to SuperMontage

Radianz connects extranet to SuperMontage

15 October 2003  |  3234 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19597 views comments | 29 tweets | 42 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15238 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10999 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9067 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job