Disaster Recovery Plan
Colagrossi Futures, LLC has developed a Disaster Recovery and Business Continuity Plan (“Plan”) in the event that a function deemed critical to Colagrossi Futures, LLC’s ongoing business operations fails. The plan will assist Colagrossi Futures, LLC to minimize any business operational issues that result from an unexpected event or disaster.
Colagrossi Futures, LLC policy is to respond to a Significant Business Disruption (SBD) by safeguarding employees’ lives and Company property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing customers to transact business.
Colagrossi Futures, LLC plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect only Colagrossi Futures, LLC ability to communicate and do business, such as a failure of a critical system, or a fire in the Colagrossi Futures, LLC offices. External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a city flood, or a wide-scale, regional disruption.
In the event of an SBD, Colagrossi Futures, LLC intends to continue its operations to the extent reasonable and practical under the circumstances and will place utmost priority in re-establishing communication with our customers.
Colagrossi Futures, LLC does not maintain custody of customers’ funds or securities, which are maintained by our clearing firm, R.J. O’Brien & Associates.
Colagrossi Futures, LLC will utilize R.J. O’Brien & Associates office at 222 South Riverside Plaza in Chicago, Illinois. This office has full capability to assume all processing duties should Colagrossi Futures, LLC office not be able to operate and is capable to enable all functionality that clients need to be able to manage their accounts; view positions, and to continue to be able to trade. In addition, Colagrossi Futures, LLC further backs up its records on a periodic basis, keeping copies of essential databases, software programs, and other records offsite. As well, our clearing broker R.J. O’Brien & Associates has records of all customer activity that has been submitted to them.
Types of Disruption
Colagrossi Futures, LLC Plan foresees three general classes of business disruptions:
- Significant but not catastrophic disruption at Colagrossi Futures, LLC office
- Catastrophic disruption at Colagrossi Futures, LLC office
- City-wide, regional or other disruption that temporarily limits access to and/or the functioning of the Colagrossi Futures, LLC office and data center (“Office”)
Significant but not Catastrophic Disruption at Colagrossi Futures, LLC Office
Colagrossi Futures, LLC has generally designed its systems, procedures and personnel structure such that there is substantial redundancy and cross-capability. Limited disruptions affecting communications lines, computer hardware, or other related systems typically can be addressed through use of redundant systems with similar capability which are available both in office.
Catastrophic Disruption at Colagrossi Futures, LLC Office
The Company’s response to a catastrophic disruption at our Office will depend on the extent of the damage. In the event of a total loss of Colagrossi Futures, LLC Office, control of the Colagrossi Futures, LLC will be shifted to the DRS and essentially full functionality should be restored between ten minutes to one hour.
Beyond the initial aftermath of the total loss of Colagrossi Futures, LLC Office, the Company would evaluate the nature of the disruption, the availability of our systems and personnel, our financial condition, the condition of the national and global financial markets, and other factors, as appropriate, to determine whether to restore operations or to discontinue operations and assist customers in transferring their accounts elsewhere.
City-Wide, Regional or Other Disruption that Temporarily Limits Access and/or the Functioning of the Colagrossi Futures, LLC Office
For a city-wide, regional or other disruption that temporarily limits access to and/or the functioning of the Colagrossi Futures, LLC Office, the Company’s response would vary dependent upon the exact nature of the disruption and its impact on the financial markets and our DRS. These types of disruptions include the Company having to evacuate the Office temporarily due to a bomb threat or smoke damage on another floor. Colagrossi Futures, LLC response would be similar to a catastrophic disruption to the Colagrossi Futures, LLC offices; however, restoration of full services would be quicker, but resumption time is dependent upon the exact nature of the disruption.
The disaster recovery center is in a geographically separate location and is intended to be able to fully assume the functions of our main data center in the event that it is incapacitated for any reason. We are continually devoting substantial resources to the enhancement of our disaster preparedness and business continuity planning. Please contact Colagrossi Futures, LLC at (877) 818-2158 for further details about the disaster recovery center’s capabilities. Colagrossi Futures, LLC Disaster Recovery and Business Continuity Plan, including this disclosure, will be amended to reflect new capabilities and enhancements.
There are innumerable potential causes of a business disruption, and the events that cause them may vary significantly in nature, size, scope, severity, duration and geographic location, and will result in distinct degrees of harm to human life; firm assets; the banks, exchanges, securities firms and ECNs with which the firm conducts business; and local, regional and national systems infrastructure (e.g., telecommunications, Internet connectivity, power generation and transportation) that could affect Colagrossi Futures, LLC recovery in a variety of ways. Colagrossi Futures, LLC reserves the right to flexibly respond to business disruptions in a situation-specific manner which the Company deems appropriate.
Nothing in this document is intended to provide a guarantee or warranty regarding the actions or performance of Colagrossi Futures, LLC, its computer systems, or its personnel in the event of a significant business disruption.
Colagrossi Futures, LLC may modify its Disaster Recovery and Business Continuity Plan and this disclosure at any time.