April 28, 2004—The Nasdaq Stock Market, Inc. has completed two market-wide disaster recovery tests, as part of NASDAQ’s ongoing efforts to ensure business continuity. Approximately 50 market participants took part in this initiative, which provided NASDAQ customers a means to assess their disaster recovery and backup facilities capabilities. The tests were conducted at NASDAQ’s primary technology center in Connecticut on February 21, and backup facility in Maryland on April 3, 2004.
Through NASDAQ’s primary and backup facilities, participating companies effectively conducted a series of functional tests to check transaction and reporting processes in the event of a disaster. The Saturday tests, which ran from 8:00 a.m. until 12:00 p.m., included order submission and execution as well as trade reporting and quote posting among all NASDAQ trading systems.
The tests were completed with zero downtime and consistent with standard operating procedures. Knight Securities and Credit Suisse First Boston were among the NASDAQ customers to take part in these tests. NASDAQ’s technical support team participated within these tests, including the technical help desk, trading operations, application services, and network and computer operations.
For more information, contact NASDAQ.
