Disaster recovery plan – the must have for forex brokers

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The possibility of a disruption shutting down your business operations is scary to think about, and with devices, systems and networks becoming ever more complex, there are more things that can go wrong. Given organizations’ increasing dependency on information technology to run their operations, businesses should always be prepared for those risks by developing a disaster recovery plan.

A disaster recovery plan is a documented process or set of procedures to recover and protect a business IT infrastructure in the event of a disaster, so that the effects will be minimized and the organization will be able to either maintain or quickly resume mission-critical functions. It is about devising plans and strategies that will enable you to continue the business operations and to recover quickly from any type of disruption.

Typically, a DR plan involves an analysis of business processes and continuity needs; it may also include a significant focus on disaster prevention. If it is well-constructed and implemented, downtime and data loss can be lessened.

An effective DR plan is especially important for online foreign exchange (FX) brokers, whose trade servers are absolutely essential to their businesses.  Any downtime events, such as a server failure, virus or natural disaster, significantly affects a broker’s ability to complete transactions, generate revenue and service its customers.

As the risk has increased over the last few years, more and more FX companies are implementing online backup solutions to protect their clients’ data.

Availability, and high data security, are of the main VertexFX Trader capabilities, for that, Hybrid Solutions managed to increase this level of high availability, by developing the VertexFX Online Backup solution.

VertexFX Online Backup is reflecting all the data, order by order, statement by statement, line by line to another identical server. It is equipped with all the required VertexFX Trader server applications and requirements, to keep all the data redundant in another geographic location. Hence if and whenever the main server suffers any disconnection or a problem, all connected sessions can connect to the other standby running server after been activated, with all the data identical, and all the system situation is normal, so even when a disaster happens, your system will keep surviving, running and connecting.