Wall Street Aces 'Delayed Opening' Test
"We were very pleased with the way the results came out," says Howard Sprow, vice president of business continuity for the Securities Industry and Financial Markets Association (Sifma), which coordinated the annual exercise along with the Financial Information Forum (FIF).
The object of the test, which was conducted June 2, was to see how well the U.S. securities industry's backup systems would work in response to a need for a delayed opening of the markets due to a small-scale or a local
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