DTCC to Relocate its Storm-Damaged Vault
November 29, 2012
S&P operations are going on in various parts of the New York, New Jersey and Connecticut region. The firm has "been up and operational since about a week after the storm," spokesman Ed Sweeney said.
Some workers at housed at parent company McGraw-Hill Companies facilities in midtown. When any employees will move back to Water Street has not been determined.
Also remaining displaced is the Security Traders Association, which represents 4,200 individuals involved in trading equities and equity options.
Operations usually housed at the STA headquarters at 80 Broad Street remain relocated at a temporary headquarters site at Penn Plaza in midtown Manhattan.
“We hope to be able to return to Broad Street in January,” said James Toes, president and chief executive officer of STA.
“We haven’t lost any of our records. This has been just been an inconvenience. In many ways, we have been lucky when you compare us to others,” Toes said.
