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BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced the successful and total operation of its U.S. equities exchanges BZX and BYX, and BATS Options, from its disaster recovery (DR) site yesterday as part of its Business Continuity Planning (BCP) process.
As part of this BCP test, the company’s global headquarters was disconnected from all outside network access for the entire day, mirroring what could happen in a disaster situation. All of BATS’ Kansas City-area employees reported to the DR 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. While the company is still in the process of integrating with Direct Edge, the EDGX and EDGA exchanges, continued to operate from their normal locations.
“As one of the world’s largest stock market operators, we take business continuity planning very seriously and yesterday marked the second day this year we have operated our U.S. businesses from our disaster recovery site. This process proves that we have the infrastructure redundancy in place to ensure we are equipped to handle potential disaster scenarios,” said Chris Isaacson, Global Chief Information Officer at BATS Global Markets. “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.”
While yesterday’s BCP test marked the fourth time in two years that BATS’ primary office was completely disconnected from outside network access, the company also tests its DR site live each month. For one full day each month since 2008, the company’s Operations, Technology, Regulatory and Surveillance teams based in the Kansas City office have operated from the DR site, with the primary headquarters remaining online.
