Business Continuity Plan
Last Updated: March 22, 2019
Statement Concerning the Business Continuity Plan of Genesis Global Trading, Inc. (the “Firm”).
The following information pertains to the Firm’s business continuity plan. The Firm clears its securities business through Pershing LLC (“Pershing”), and Pershing carries accounts and maintains assets of the Firm’s securities clients. While every emergency situation poses unique problems based on external factors, the Firm strives to remain operational during different types of business disruptions. If the Firm was unable to remain operational, it is possible that your orders and requests for funds and securities could be temporarily delayed during this period. Pershing provides certain information about its business continuity plan separately.
The Firm has developed a flexible business continuity plan to accommodate different types of significant business disruptions. The Firm’s business continuity plan addresses the following elements: all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring that clients have prompt access to their funds and securities if the Firm is unable to continue a securities business.
Business disruptions, by their nature, can vary greatly in size, scope and duration. The Firm has planned for two different “types” of business disruption, and these are as follows: internal business disruptions that affect the Firm’s ability to communicate and do business (such as an event that prevents access to the Firm’s premises); and external business disruptions that prevent the operation of the securities markets or a number of firms (such as regional power outages, floods, terrorist attacks or other wide scale regional disruption). It is the intent of the Firm to remain operational during business disruptions of all both types, and for an indefinite duration of time. The Firm maintains one office location. In all types of business disruptions the Firm plans for essential personnel to work remotely from their homes or another secure location.
If after a significant business disruption you cannot contact a representative of the Firm as you customarily would, you should go to the Firm’s web site at www.genesistrading.com.
Please note that the Firm’s business continuity plans are subject to modification. Changes will be available upon request and will also be posted on the Firm’s website at www.genesistrading.com.