Capstone's Business Continuity Planning Pays Off
NEW YORK, NY, Nov 13, 2012 (MARKETWIRE via COMTEX) --
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."
About Capstone Investment Advisors LLC
Capstone is a leading New
York-based global volatility hedge fund manager with approximately
$1.8 billion in assets under management. Capstone employs a
quantitative investment strategy and trades options globally from its
headquarters in New York City and satellite office in London. Paul
Britton, CEO, founded Capstone in 2004.
Telx is a leading provider of interconnection and data
center services in strategic, high-demand North American markets.
With 17 premier C3 Cloud Connection Centers by Telx(SM), Telx
increases speed to market and reduces connectivity costs by providing
direct connections to a community of the industry's highest
performance networks and access to 1,000+ customers, including
leading telecommunications carriers, ISPs, cloud providers, content
providers and enterprises. Telx is a privately held company
headquartered in New York City with five facilities in the New York
Metro area, two facilities in Chicago, two facilities in Dallas, four
facilities in California, (Los Angeles, San Francisco, and two in
Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte,
N.C. For more information about Telx, visit http://www.telx.com.
Become a fan of Telx on Facebook at
http://www.facebook.com/telxgroup. Interconnection. Data Centers.
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