Michael Speranza, Senior Vice President, Managing Director, Trading Communication Systems .
28th October 2013
Under pressure. Got to keep things going – advancing toward the goal. A midfielder passes the ball to a striker. A guard feeds it to a power forward. A quarterback throws a spiral to a running wide receiver.
Worldwide, whether it’s a net, a basket, a goal line or a completed deal, getting there often requires passing the ball when one part of your playing surface is inoperable. And the preparations you made – the “what if” scenarios that you’ve devised a plan for – pay dividends when you have an opening and are able to score.
In finance, passing the ball can be not only effective, but also essential when real world events – such as protests in the streets, regime changes, or the effects of snowstorms, tsunamis or earthquakes – prevent normal access to offices, turrets and your trading floor. You’re under pressure to keep things going – to find open space that lets traders continue to maneuver, make progress, close deals.
Preparedness is everything. And here are three easy, power moves that every trading firm needs before a catastrophe that will pass the trading ball to reduce risk and mitigate loss.
- Centralization and Redundancy – centralize infrastructure resources in hardened locations with inherent redundant access to counterparties and critical lines
- Compliant Access and Mobility – make compliant access to trading communications ubiquitous with a range of devices, soft turrets and mobile apps
- Seamless Global Coverage – 24-hour access to support teams with dedicated, trading communications and networking expertise to render immediate and “follow-the-sun” assistance when a crisis occurs
Source: IPC Systems, Inc