Pakistan Mercantile Exchange (PMEX), the country's only multi commodity futures exchange, signed an agreement to relocate both its Business Continuity (BC) as well as Disaster Recovery (DR) site to National Clearing Company of Pakistan Limited (NCCPL).
Working with a business model that requires round the clock operations across the week, PMEX relentlessly strives to upgrade its systems and processes in order to provide seamless services to market participants. The Exchange has a comprehensive Business Continuity Program which comprises of a resilient IT infrastructure, crisis management and recovery of processes.
Commenting on the occasion, Ejaz Ali Shah, Managing Director, PMEX, said, "Considering the sensitive nature of PMEX business, we fully understand the importance of a robust and resilient BC& DR set-up. Accordingly, this initiative to consolidate BC&DR at one site will provide a durable and flexible structure to resume all critical operations in minimum possible time without compromising on the quality of services in the event of a disaster. Moreover, we intend to keep improving our infrastructure for the benefit of our clients."
Muhammad Lukman, Chief Executive Officer of NCCPL said: "Being the first Pakistani company to certify on the upgraded ISO Information Security Management certification of ISO/IEC 27001:2013, NCCPL has established a state-of-the-art BCP/DR facility which not only serves the organisational needs but is also capable to serve other organisations in this regards. This facility is being used to provide alternate processing site to different capital and financial institutions owing to the expertise and infrastructure developed over the period of time by NCCPL through hard work, dedication and technological excellence."-PR
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