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Summarize the Business and Technology Problems Created by the September 11th 2001 Attack on the World Trade Center
The Japan center had to be opened 24 hours to trade.30 of 300 firms were not able to work the day after and they got overwhelmed about the telecommunication would not be ready. It did not last a long because w week after Nasdaq reached the largest volume ever 2.7 million. The only loss was one of the managers. Nasdaq took a lesson from this disaster by recognizing how important the telecommunication is creating automatic triggers for regular communication forums with the Securities and Exchange Commission. These securities would have made things different for the New York Board of Trade. Their supervisors could not be reached, they had to call their employees one by one and this was impossible because of the overloaded calls. The companies were helped from other neighbor by providing them some workspace regarding that most of these had staff problems and also Barclays could not double shift with its London office or Hong Kong due to hours differences. Therefore, every company has to be ready for the worst scenario and they will not face the problems that other companies did.…
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