New York-based fixed-income dealing systems vendor, Aurora Software, has launched a new disaster recovery service for its WinFits trading application for sell-side institutions.
Based on the same integrated architecture as the WinFits trading platform, the new disaster recovery service integrates its clients' secondary sites with the primary trading operation through flexible trade system access and more efficient and comprehensive database backup, says the company. The solution can also be configured to work with other trading systems.
In the event of a crisis, traders, sales and support staff would be able to arrive at a disaster recovery site (or any other designated site for the trading operations), conduct trades over a scaled down Web-enabled trading solution, and quickly and easily access and update intra-day post-trade data from either fixed local backup centres or redundant centres located throughout the country.
Neil Arora, CEO of Aurora Software, comments: "Existing disaster recovery programmes emphasise fixed disaster recovery sites and more hardware for backup data centres...Moving forward, disaster recovery programmes need to focus more on quick and easy access to data and trading tools, and on issues such as mobility and trading room ergonomics."