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Black
Box Brokers
439 Main Street Suite 150 Rochester, MI 48307
Ph: 248-608-5466 | Fax: 248-608-5471
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BUSINESS CONTINUITY SUMMARY
As part of our ongoing
commitment to our clients, this will serve to provide you with an
overview regarding the Lightspeed Trading, LLC ("Lightspeed") Business
Continuity Plan ("BCP").
Business Purpose
On
April 7, 2004, the Securities and Exchange Commission approved NASD
Rules 3510 and 3520 which require member firms to create and maintain a
business continuity plan. A business continuity plan is a plan that
will enable the firm to continue its business operations in the event
of a significant business interruption.
Business Continuity Components
Lightspeed
has evaluated the impact of business interruptions resulting from
various events including but not limited to loss of facilities and
resources. The BCP was developed by identifying methods to protect and
restore critical business processes, records, data and systems to allow
customers to transact business. Lightspeed relies on a third party
provider for customer records, transactions, custody of funds and
securities and operating systems. The third party provider has a
business continuity plan with system redundancy and back-up facilities.
The Lightspeed Trading, LLC BCP addresses the following key elements:
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Data Back-Up and Recovery
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Identification of Mission Critical Systems
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Financial and Operational Assessments
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Alternate Communications with Customers
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Alternate communications with Employees
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Alternate Physical Location of Employees
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Impact of Critical Business Counter-Parties
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Regulatory Reporting
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Communications with Regulators
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Customers Access to Funds and Securities
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Recovery Plan
In
the event of a business interruption, Lightspeed has plans and teams in
place to address the immediate response to the incident, the management
of the situation from the time of the incident until the matter is
resolved, and a business unit and information technology recovery plan.
The
data recovery plan includes maintenance of redundant real-time system
facilities. The staff and workspace recovery plan includes the
relocation of critical personnel to alternate sites.
Whatever
the event, our BCP is designed to enable the firm to be operational
within 24 hours or less assuming that third party providers and
industry critical systems are operational.
Updates and Information Requests
The
Lightspeed BCP is reviewed and tested at a minimum annually.
Modifications and updates are made to incorporate any material business
change or regulatory requirement. To obtain a copy of the Lightspeed
BCP summary plan, please submit a written request to:
Lightspeed Trading, LLC
Attn: Compliance Department
One Jericho Plaza
Suite 301
Jericho, N.Y. 11753
Lightspeed will continue to promptly post modifications and updates to
the BCP on the website located at www.lightspeedtrading.com.
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The
risk of loss in electronic trading can be
substantial and is not appropriate for all
investors. This site contains information on
trading and markets, as well as information
about the risks and costs. Please read our Risk
Disclosure Statement
carefully and consider seriously
whether or not this type of trading is
suitable for you. Please read: Risk
Disclosure for extended hours trading,
Disclosure
of Order Routing Practices,
Business
Continuity Plan,
Privacy
Policy.
Options are not suitable for all investors. Prior to buying or selling an option, investors must read a copy of this disclosure document.
Characteristics and Risks of Standardized Options It explains the characteristics and risks of exchange traded options. February 1994 (with 1997 through 2005 supplements)
View April 2007 Supplement
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Black
Box Brokers offering securities through
Integrity Trading Inc.
Member FINRA,
SIPC and NFA. Active electronic
trading involves risk. Read our Risk
Disclosure.
Registered in the following states –
AZ,CA,CO,CT,FL,HI,IN,MI,MO,NJ,NM,NV,NY,UT,WA
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