Aurora Software Launches Disaster Recovery Solution for Fixed Income Firms.Business/High Tech Editors NEW YORK--(BUSINESS WIRE)--Jan. 14, 2002 Aurora Software, a provider of next generation fixed-income trading systems, today announced a new disaster recovery solution which will ensure that fixed income dealing firms retain full functionality of trading operations in the event of a crisis. Based on the same integrated architecture as the WinFITS trading platform, Aurora's disaster recovery service integrates its clients' secondary sites with the primary trading operation through flexible trade system access and more efficient and comprehensive database backup. Aurora's service enables traders, sales and support staff to arrive at a disaster recovery site (or any other designated site for the trading operations), conduct trades over a scaled down Web-enabled trading solution, and quickly and easily access and update intra-day post-trade data from either fixed local backup centers or redundant centers located throughout the country. Aurora's new disaster recovery solution integrates easily with its WinFITS trading platform and can be configured to work with other trading systems. WinFITS is a highly sophisticated suite of fixed-income trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign solutions for the Governments, Agencies, Secondary Corporates, Options and Mortgage markets. These systems provide an integrated trading environment that includes multi-user portfolio management, real time pricing, risk management, security analytics and scenario analysis Scenario analysis The use of horizon analysis to project total returns under different reinvestment rates and future market yields. , as well as programmatic pro·gram·mat·ic adj. 1. Of, relating to, or having a program. 2. Following an overall plan or schedule: a step-by-step, programmatic approach to problem solving. 3. connectivity with other ECNs and electronic marketplaces. The WinFITS platform also offers a Web-based service that allows salespeople to view their trader's offerings and trade with them electronically on their clients' behalf. "This represents a major break from existing disaster recovery programs, which emphasize fixed disaster recovery sites and more hardware for backup data centers," said Neil Arora, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aurora Software. "Moving forward, disaster recovery programs need to focus more on quick and easy access to data and trading tools, and on issues such as mobility and trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. ergonomics ergonomics, the engineering science concerned with the physical and psychological relationship between machines and the people who use them. The ergonomicist takes an empirical approach to the study of human-machine interactions. ." About Aurora Software Aurora Software, Inc., based in 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 , is a provider of trading solutions for the sell-side fixed income community. Founded in 1995, the firm began developing products for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector in 1998 and has since attained a solid foothold in the primary dealership community. For more information about the company, please visit www.aurora-inc.com. |
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