Ballista Preps for Infrastructure Refresh

The brokerage expects to use the capital for a number of short-term expansion projects, according to Robert Newhouse, founder and CEO of Ballista Securities.

The firm's top priority is to move to a larger disaster recovery site and retire its current New York back-up facility. Ballista officials have started investigating potential new sites including a potential presence in Chicago.

"My goal is to complete this year with a fully functional and stable disaster recovery site that is better than our

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