How Does a Robust Disaster Recovery Plan Address Infrastructure Failure for an RFQ Provider?
A robust DR plan ensures business continuity and minimizes downtime after a major failure. It defines a low Recovery Time Objective (RTO) and Recovery Point Objective (RPO) through redundant systems and frequent data backups.
The plan includes automated failover to a secondary, geographically separate data center (active-passive or active-active). Infrastructure-as-Code (IaC) is often used to quickly and reliably provision replacement infrastructure, ensuring rapid recovery.
Glossar
Infrastructure Failure
Disruption ⎊ Infrastructure failure within cryptocurrency, options trading, and financial derivatives manifests as a systemic impediment to order execution, data dissemination, or settlement processes, impacting market integrity and potentially triggering cascading effects.
Recovery Point Objective
Objective ⎊ Recovery Point Objective (RPO) is a critical metric in business continuity planning that quantifies the maximum acceptable amount of data loss, measured in time, that a quantitative trading firm can tolerate following a disruptive event.
Recovery Time Objective
Contingency ⎊ Recovery Time Objective, within cryptocurrency derivatives, defines the maximum tolerable duration for restoring trading capabilities following a system disruption, encompassing exchange platforms, clearinghouses, and connected infrastructure.
Recovery Time
Duration ⎊ This metric quantifies the elapsed time required for a mining operation, following a significant adverse event like a hardware failure or network partition, to restore its hash rate to a predefined operational threshold.
Recovery
Resilience ⎊ Recovery, within cryptocurrency and derivatives, signifies the capacity of a portfolio or market to absorb shocks ⎊ liquidity events, protocol exploits, or systemic risk ⎊ and return to a stable or pre-defined operational state.
Disaster Recovery Plan
Strategy ⎊ A Disaster Recovery Plan, in the context of digital asset custody and trading, is a comprehensive strategy detailing the systematic procedures for restoring access to private keys and operational continuity following a catastrophic event.