Technology risk is a factor that trading firms must live with and manage
In technology intensive trading environments there is no ‘silver bullet’ that can eliminate the risk of faults and accidents. Operators instead rely on multiple, individually imperfect, layers of protection to reduce the chance of technology failures.
This white paper presents:
- How weaknesses in multiple barriers can easily align to create operational risk exposure to technology-related hazards, especially where monitoring is tightly integrated with a misbehaving trading system
- An understanding of how trading firms can use independent, passive monitoring such as CorvilNet, to lower the risk of errors that lead to material and/or reputation losses