From the Wires
Capstone's Business Continuity Planning Pays Off
Capstone's Planning and "Continuity Suite" at Telx Enables a Quick Recovery
By: Marketwired .
Nov. 13, 2012 12:40 PM
NEW YORK, NY -- (Marketwire) -- 11/13/12 -- On October 29, 2012, Hurricane Sandy made a sharp and expected turn toward the northwest on a clear path for New Jersey's coast. Sandy's size and intensity left little doubt that its impact and coastal flooding would not only disable sections of New Jersey but also parts of Manhattan. Capstone Investment Advisors, LLC, an investment manager headquartered in lower Manhattan, employs a systematic trading strategy that is heavily reliant on technology to execute thousands of trades daily in the financial markets. Capstone strategically designed and built a comprehensive business continuity plan that would enable them to continue their normal operations should an event such as Hurricane Sandy prevent them from doing so at their headquarters. This plan not only allows for maximum protection for its key IT infrastructure in a Telx datacenter, but also includes contingency planning for its staff with the same levels of emergency power and resiliency that are provided for its physical servers.
"The storm and tidal flooding made our primary place of business inaccessible immediately following the hurricane," said Paul Britton, CEO of Capstone. "Our first concern was the safety and health of our staff and their families. We then quickly made the decision to activate our business continuity plan and have staff report to our dedicated space at our datacenter in Clifton, NJ that maintains emergency power, internet and access to our core IT services."
All of Telx's regional datacenters remained up and operational throughout the storm and ensuing days without utility power.
"Telx's Continuity Suite for Capstone at our NJR2 datacenter in Clifton maintains the same high levels of service afforded other strategic infrastructure," said Eric Shepcaro, CEO of Telx. "Emergency power, network availability, fuel reserves and hardened building attributes all make disaster recovery operations possible around the clock during a natural disaster or other adverse business impacting event. Comprehensive planning and coordinated execution of that plan during an event can greatly impact a company's ability to serve clients and their reputation."
"Our ability to quickly recover and service our clients' financial interest is paramount," said Paul Britton of Capstone. "Careful planning and collaboration between Capstone and Telx allowed us to maintain a typical level of trading volumes, which amounted to over 18,000 daily average transactions over the three day period that we operated from the site. Our contingency planning for employees as well as our key systems will remain part of our core planning for future events. Our deepest appreciation to the dedicated staff of Capstone and experienced staff of Telx who together got us seated and operational for the next trading day."
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