BATS Global Markets successfully conducts full-scale business continuity test

On March 13th BATS Global Markets (BATS), a leading operator of securities markets in the US and Europe, successfully conducted a full-scale business continuity test
of its US equities exchanges BZX and BYX, and BATS Options. These operations were switched to BATS’ disaster recovery site and the company’s global headquarters was disconnected from all outside network access for the entire day.

All of BATS’ Kansas City-area employees reported to the disaster recovery site and conducted their daily routines from the secure and remote location. The BATS offices in New York City, Jersey City, and London continued normal operations.

“Since our last disaster recovery exercise, the company merged with Direct Edge and now operates four US stock exchanges giving us significantly more US equities market share and increasing the reliance on critical business functions performed at our headquarters,” said Chris Isaacson, Global Chief Information Officer at BATS Global Markets. “Our expanded operational footprint underscores the need for rigorous business continuity planning and we are continually testing our infrastructure redundancy to ensure we are equipped to handle any potential disaster scenarios.

“Operating our day-to-day business from a back-up facility in a seamless manner, with no disruption in service or performance, is a testament to the ongoing efforts we put into the testing of our business continuity planning process,” he added.

Last year, BATS fully operated its US businesses from its DR site on two occasions.

While last week’s business continuity test marked the third time BATS’ primary office was completely disconnected from outside network access, the company does test its disaster recovery site monthly. For one full day each month since 2008, the company’s Operations, Technology, Regulatory and Surveillance teams have operated from the DR site, with the primary headquarters remaining online.

www.bats.com

•Date: 18th March 2014 • US •Type: Article • Topic: BC testing & exercising

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