After the terrorist strikes of Sept. 11, 2001, the New York Stock Exchange (NYSE) learned some valuable lessons in keeping a time-sensitive financial trading network alive during a time of crisis….
After the terrorist strikes of Sept. 11, 2001, the New York Stock Exchange (NYSE) learned some valuable lessons in keeping a time-sensitive financial trading network alive during a time of crisis.
“We found that during 9/11, carrier point-of-presence facilities went down, a lot of firms in the industry were not able to trade. So we made a decision to build a resilient network for the industry,” said Vince Lanzillo, who is head of co-location for the Americas for NYSE Technologies (NYXT), a commercial subsidiary of NYSE Euronext that offers infrastructure, content and liquidity services to the financial industry.
So, when Hurricane Sandy struck last year, NYXT was prepared to continue operations, though the NYSE itself decided to halt trading, citing concerns with employee safety and other factors.
NYXT built and now operates the SFTI (Secure Financial Transactional Infrastructure — pronounced “Safety”), which is used by financial firms and by the NYSE itself for its primary and backup exchanges. SFTI has access centers in most major markets in the U.S., Europe and Asia.
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