Two Groups Plan To Offer Contingency Trading Rooms
MANAGEMENT AND STRATEGY
A group of Wall Street firms calling itself the Disaster Recovery Hot-Site Consortium has put out a request for proposal to three primary bidders to set up and manage a backup hot site for traders. Meanwhile, a New Jersey-based company, called Trading Room Contingency Services Inc. (TRCS), began construction of its 250-position foreign exchange and fixed-income trading operation.
The Disaster Recovery Hot-Site Consortium was set up in 1989 under the auspices of the Wall Street Telecommunications
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