Direct Edge created a business continuity plan so that the firm can be able to safeguard interest of the members and to be in a good position to manage some of the effects that occur in the business and interfere with the operation of the business. The plan has been designed in such a way that it complies with the guidelines and regulations of United States Security Exchange commission. The plan outlines some of the factors that members should observe like:
• Mission critical systems
• Data back up
• Data recovery
• Alternative methods of communications
Importance of the center
If there is anything in the company that is interfering with the normal operations or interfering with the primary data center, the company is equipped with a secondary data center. This center is vital because it allows all technological operations to be recovered within twenty four hrs. The business continuity plan of the company is related to crisis management, pandemic plans and disaster recovery on a daily routine so that to measure the efficacy of the procedures and incorporate some of the best practices of the industry. Besides that, the company takes part in annual securities industry and financial markets association. When the company participates in these exercises, it proves that it is committed in supporting shared critical infrastructure. It also gives a chance for members to test about connectivity during a failure at the trading site or data center.
Business continuity plan
The business continuity plan has been designed in such a way that it allows members to operate even when the business is interrupted. If there is a disruption in the company members are feel to call the company and ask what the problem is. The company has a website for checking status updates and any kind of information that is useful. Also Members can check about the business continuity planning at the website.
In the United States, Directedge is one of the best stock exchange operators and soon it is going to be opening another branch in Brazil. The reason why the company selected Brazil because it is a world class city and it is still developing. The headquarters of the exchange will be at Rio de Janeiro. The launch is vital to the company because it will encourage competition and innovation. This will make the market to be more efficient especially for people who are planning to invest in Brazil. The company is also going to expand in other countries in future.