NYPPEX is responsible for
creating and maintaining business continuity plans for all of its businesses.
In the event of a business disruption, we have plans designed to allow us to
continue operations of critical business functions, such as entering client
orders, completing securities transactions and providing clients access to
their cash and securities. We accomplish this in part by:
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Relocating impacted business to recovery locations.
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Using redundant processing capability at other locations.
-
Using business and technology teams to activate and manage the recovery
process.
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Adopting a communication plan to ensure that NYPPEX personnel receives emergency
notifications and instructions.
We believe, our recovery times will range from nearly instantaneous to
approximately 24 hours.
With regard to client assets, nearly all market-traded securities are held in
central depositories (such as the Depository Trust Co. in the U.S.) or with
custodian banks or depositories maintaining records of the beneficial ownership
positions of their customers.
Although we have taken steps to implement sound business recovery plans, we
cannot guarantee that systems will always be available or recoverable after a
disaster or significant business disruption. However, we believe that our plans
for such events is adequate and consistent with many of the best practices in
the financial services industry. Any material changes to the above information
will be available on our website at www.nyppex.com or upon request.
For further information regarding our business continuity plans, please
contact us at 203-422-5000 x200 or at inquiries@nyppex.com
.