SIAC: SFTI Network Ready in Weeks
RECOVERY AND CONTINUITY
NEW YORK--In less than a month, the Secure Financial Transaction Infrastructure (SFTI) system of the Securities Industry Automation Corp. (SIAC) and Con Edison Communications (CEC) will be ready to serve clients, say officials involved in the initiative to provide securities firms a redundant all-IP network.
TowerGroup’s Larry Tabb sees the SFTI initiative as an important move by a utility upon which the entire US securities industry relies and for which NYSE will bear much of the cost.
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