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Architectural firms assist New York Merchantile Exchange.


In these trying times, the frenetic fre·net·ic or phre·net·ic   also fre·net·i·cal or phre·net·i·cal
adj.
Wildly excited or active; frantic; frenzied.



[Middle English frenetik, from Old French frenetique
 pace of the New York Mercantile Exchange New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.
 commodities trading operation can continue without missing a beat, thanks to the foresight of the Exchange management and the work of two New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 architectural firms.

Soon after Sept. 11, the New York Mercantile Exchange, located in the World Financial Center, was quick to realize that immediate precautions were imperative for preserving the continuity of its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . A decision was made to create a duplicate trading facility.

If a crisis temporarily uproots the Exchange from its Battery Park City home, traders can immediately resume work at a backup trading facility on Long Island, designed by the SoHo firms of Peter Skujins Architect PC and Stonehill & Taylor Architects. The project's urgency dictated a fast-track schedule.

PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce.  principal Peter Skujins enlisted the help of Paul Taylor

For other people named Paul Taylor, see Paul Taylor (disambiguation).
Paul Taylor (born July 29, 1930) is one of the foremost American choreographers of the 20th century.
, of Stonehill & Taylor, to help meet project demands.

The architects, both with extensive experience in trading floor design, set to work creating a new 40,000 SF facility that duplicates the one in Manhattan.

"After 9/11, a lot of financial institutions felt they were at risk of becoming targets for terrorism," Skujins said. As for the Exchange, "they needed a place uniquely suited to their specialized operation, a place they could safely assemble and conduct business during a crisis."

After inspecting several locations, an undisclosed site on Long Island was selected for the Exchange's Disaster Recovery Site/Back-up Trading Facility.

"The challenge was to design a facility similar enough to their existing space in layout and materials to make them feel at home, yet do so economically, since the hope was that the space would never have to be used," Skujin said.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:security at New York Mercantile Exchange commodities trading operation
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 25, 2003
Words:281
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