Bats Global Markets (Bats), an operator of exchanges and financial markets services, has undergone a streamlined doomsday emergency protocol, executing its operations across its US markets from its Kansas City-area disaster recovery (DR) site per its ongoing Business Continuity Planning (BCP) process, according to a Bats statement.
Bats has made a habit of preparing itself for disaster-related conditions in a region that is routinely vulnerable to increment weather, i.e. tornados, etc. As a result, twice annually, Bats rolls out its BCP process by severing the link with the group’s global headquarters from all outside network access for the day, in essence replicating what could happen in a disaster situation.
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Consequently, per the BCP process, all employees in Bats’ Kansas City global headquarters successfully conducted their activities and work from a secure and remote location – this was only reserved for Bats’ headquarters as their other offices in New York, Chicago, London, and Singapore did not participate in the DR emergency plan.
According to Chris Isaacson, Executive Vice President, Global Chief Information Officer at Bats Global Markets, in a recent statement on the completion: “As one of the world’s largest market operators, redundancy is critical to our business and something that we take very seriously. The success of yesterday’s BCP test is a testament to the hard work of our team and the ongoing efforts we put into the testing of our business continuity planning process.”
Last month, Bats made headlines after receiving formal approval from the US’ Securities and Exchange Commission (SEC) for the passage of the Bats Client Suspension Rule, which helped facilitate action on behalf of the group against manipulative market behavior.