With Outages Rising, Diversification Takes on Greater Importance

Panelists at BST North America discuss the recent spate of outages experienced at utilities, vendors and exchanges.

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Mike McGovern spoke at this year's Buy-Side Technology North American Summit.

As the markets become increasingly automated, an unfortunate byproduct has been an increase in the number of outages Wall Street has experienced.

There was, for example, the embarrassing BNY Mellon-SunGard fiasco that bled throughout the mutual fund and exchange-traded fund (ETF) sectors. Bloomberg and Thomson Reuters have both experienced major outages in the last few months. As have NYSE and Nasdaq.

"It's something that we're getting more used to," said Klay Stack, CTO at Marathon Asset Manage

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