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Volume 27, Issue 4

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NYSE Considering Changes to Disaster Recovery Model

NYSE Euronext (NYX), owner of the largest U.S. equities exchange, is considering ways to improve its plan for dealing with disasters and said exchanges should consider mandatory testing after Hurricane Sandy caused the longest weather shutdown since 1888.

The exchange industry should weigh whether regular testing of connectivity and backup facilities should be mandatory, according to comments NYSE Euronext e-mailed today in response to questions from a U.S. Senate committee concerning computerized trading venues.