business continuity & disaster planning the new york board of trade 9/11 experience
TRANSCRIPT
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BUSINESS CONTINUITY & DISASTER PLANNING
The New York Board of Trade 9/11 Experience
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Trading FloorWorld Trade Center
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9/15
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Some Facts
• By 8:00pm on September 11, 2001:
• Trades were Cleared;
• Reports were Printed & Ready;
• The backup Trading Floor was Ready;
• Trading Members had been Notified;
• Staff was On-Site or Ready at Home.
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Why were we ready?
• Learned from the Past
• Senior Management & Board in Sync
• Data Center & Trading Floor were Backed Up and Current
• BCP Written, Maintained and Known
• Testing was Planned, Executed & Successful
• All Staff knew what that had to do or had access to Instructions
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9/17
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WHAT WOULD WE DO DIFFERENTLY
• Not Enough to be ready by yourself
• Need Industry-Wide Preparation
• Test Backup to Backup
• Shared Contact Lists
• Use the Internet
• Multiple means of Communication
• Don’t try to do it all yourself