Another Day, Another New Acronym......DRaaS
IPC and Cloud9 have launched Disaster Recovery as a Service (DRaaS), a cloud-based solution for voice trading disaster recovery. DRaaS allows traders to have access to a custom-designed virtual trading desks from any global location during an emergency.
Bob Santella, Chief Executive Officer, IPC said, “…….the launch of DRaaS, an industry first, is an example of us pursuing partnerships and constantly solving for some of the most pressing challenges facing financial market participants.”
Gerald Starr, Chief Executive Officer, Cloud9, said, “DRaaS…..can protect your business’ most vital trading functions during a disaster, DRaaS is transformational for the industry as all market participants can be empowered with a complete disaster recovery plan that requires little or no capital expense or infrastructure investment.”
DRaaS is agnostic to the customer’s existing voice technology and is designed to work with all trading systems, endpoints and multiple locations.