| DTCC wins award for its IT continuity strategy
The Computerworld Awards were presented at a ceremony in Washington, DC, on June 7th. DTCC was chosen from among 250 companies' case studies of the year's most innovative applications of technology from 36 states and 26 countries, nominated by chairmen and CEOs who advise the program. DTCC received the award for its innovative use of technology in implementing a business continuity strategy that expands the use of remote data centers (RDCs). In the process of implementing this strategy, DTCC partnered with EMC Corporation to break new ground in developing long-distance, automatic asynchronous data replication capabilities and RDC capacity. This use of technology helps to ensure the secure, uninterrupted clearance and settlement of securities trades by the principal US financial marketplaces - the New York Stock Exchange, Nasdaq, the American Stock Exchange, regional exchanges and electronic communications networks (ECNs) - in the event of a regional catastrophe. "We are extremely pleased to receive this prestigious award," said Jill M. Considine, chairman and CEO of DTCC. "This is truly a significant recognition of the pioneering work done behind the scenes by hundreds of our IT professionals to create this multi-site, multi-tiered business continuity infrastructure. "What is especially meaningful is that with our case study now part of a global archive, we can share DTCC's experience and the practical knowledge we have gained to encourage wider and more informed discussion and focus on business continuity planning throughout our industry, and other industries as well," A complete list of the winners can be viewed at http://www.cwheroes.org
•Date:
10th June 2004 •Region: N.America •Type:
Article •Topic: BC
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