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Acronyms Abound in Operations

IM, BCP and STP are all part of the alphabet soup that operations professionals grapple with every day.

SEC Policy Statement:

"The Commission expects each SRO Market and ECN to apply the following principles in its business continuity planning:

Each SRO Market and ECN should have a business continuity plan that anticipates the resumption of trading, in the securities traded by that market, no later than the next business day following a wide-scale disruption. ...

Assuring resumption of trading activities by a market by the next business day generally requires geographic diversity between primary and backup sites. ...

The SRO Markets also should assure the full resilience of important shared information systems, such as the consolidated market data stream generated for the equity and options markets. ...

The effectiveness of back-up arrangements in recovering from a wide-scale disruption should be confirmed through testing.

Each SRO Market and ECN should implement plans reflecting these principles as soon as practicable and strive to do so no later than the end of 2004."

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