COL Upgrades Disaster Recovery Facilities

HONG KONG-- COL, a Hong Kong-based computer services company, has upgraded its disaster recovery trading room infrastructure in the expectation that demand for disaster relief services is on the rise in the Asia-Pacific region. COL officials say interest in disaster recovery facilities is mushrooming among second tier banks in the region, in response to increasing regulatory pressure.

Norris Hickerson, general manager of COL, says the company opened a $2 million dedicated recovery facility in

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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