Most Read
- Wall Street Eagerly Waiting for Carbon Credit Trading
- The Bigger Questions Post Madoff
- CME Revs Up for Surge in Carbon Credit Trading
- NYSE Divulges More Details About Its New Data Centers
- The Urgency and High Price of New Cost Basis Reporting Law
- Algo Traders Connect To Twitter
- Sentence Puts Madoff into 100-Year-Plus Group
- Goldman Seen Ahead of Morgan Stanley in Recovery
Wall Street Firms Weather Massive Internet Outage
Although damaged cables under the Mediterranean Sea shut down or severely slowed down internet service today across India, Egypt and the Middle East, Wall Street firms with IT staff and outsourcing projects in India seem to have been been well served by their network backups.
At the Bank of New York, "[The firm] maintains redundant circuits, so we moved traffic to another circuit when the other was impacted," says spokesman Ron Gruendl. "There has been no reported business impact to our global operations, and we continue to monitor our Internet traffic. We will be holding frequent calls on this matter and will invoke any appropriate cross-regional business plan if the situation warrants."
The story from Citigroup was similar. "Citi's backup links were functioning during the period when the telecom providers were fixing the network outage, says spokesperson Amalia Duarte. "There was hardly any impact to Citi customers, and we're back to business as usual."
Posted by Penny Crosman at 03:49 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeneyBondDesk Selects Progress Apama CEP Platform to Deliver Real-Time Analytics & Decision Support
BondDesk will use Progress Apama's CEP platform within the BondDesk ATS.
Wall Street Firms Eye Cloud Computing to Help Counter Budget Challenges
IBM Demonstrates Cloud Computing and Low Latency Messaging at SIFMA 2009
Fidessa LatentZero Extends Asset Class Coverage For Derivatives
Larry Tabb Columns
Larry TabbThe Odds of Exchange Migration
Though it may seem like a quick fix, migrating OTC products to exchanges is a process frau...
OTC, Central Clearing or Exchange-Traded: Choosing the Right Path
Divining the Future of Professional Media in a Web 2.0 World
CHECK THIS OUTMake your organization more efficient and customer focused. Visit the Transaction Lifecycle Management Site today! Featured White Paper |
EventsLive Events:Advanced Trading's Buy-Side Trading Summit November 15 - 17, 2009 |
|
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Kforce seeking Collector in Getzville, NY
* KForce seeking Health Information Management Directors in San Francisco, CA * KForce seeking Health Information Management Directors in New York, NY * Apollo College seeking Program Director in Albuquerque, NM * Amalgamated Bank seeking Chief Information Officer in New York, NY For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |
























