Wall Street Recovers from Blackout
SPECIAL REPORT
NEW YORK--Major Wall Street firms, exchanges and financial technology vendors seemed to shift easily to auxiliary systems last week after losing electrical power due to the largest blackout ever in North America.
However, the event is likely to reopen the issue raised by U.S. government regulators regarding minimum distances between operational and back-up facilities, says analyst Michael Haney with Celent Communications, a Boston-based research consultancy for the financial services industry.
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