SGX fortifies its defences to ward off tomorrow’s outages
Exchange operator fosters “breach mentality” to help prepare for business disruption, explains risk chief
All it took was a refrigeration failure to cause the world’s largest futures market to shut down for 11 hours last November. The incident at a data centre outside of Chicago hobbled the operations of exchange giant CME, sowing confusion across financial markets and forcing banks to turn away client trading and clearing business.
The outage was a stark example of the dangers that risk chiefs such
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