Back-up systems key to blackout recovery

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Back-up systems key to blackout recovery

Major Wall Street firms, exchanges and financial technology vendors seemed to shift easily to auxiliary systems last month after North America’s largest ever blackout. However, the event is likely to reopen the issue raised by US government regulators regarding minimum distances between operational and back-up facilities, says analyst Michael Haney at Celent Communications, a Boston-based research consultancy for the financial services industry

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