About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Financial Markets Data Centres Survive Sandy Devastation

Subscribe to our newsletter

Judging by feedback from various industry people in the New York City region, the principle data centres serving the financial markets survived the onslaught of Monday night’s Hurricane Sandy without any problems. One exception was a power issue at the 111 8th Avenue carrier hotel. Several data centres remain on generator power, though fuel deliveries appear to be happening as planned.

NYSE Euronext shut down on Monday and Tuesday, following some debate on whether or not to run with only its electronic market (i.e. no floor trading), prompting other securities exchanges to follow suit. A report on CNN on Monday evening that the NYSE trading floor was under water turned out to be false, and was quickly retracted. And while much of lower Manhattan went dark as power substations spectacularly exploded, some buildings at the tip of the island maintained power as they are served by a Brooklyn electrical grid.

The NYSE’s Mahwah, NJ data centre was cut over to generator power as a precaution ahead of the storm but returned to mains power supply on Tuesday.

Other data centres throughout New Jersey – including those operated by BT Radianz, Equinix, Nasdaq, Savvis and Telx – switched to generators and are mostly still running on them, as of earlier today. That said, no fuel supply issues are being reported or are expected.

One hiccup that did occur Monday night was at 111 8th Avenue, the Google-owned carrier hotel, where technical issues switching to backup power led to outages for some operations. Tenants Equinix, Telx and Zayo Communications have all experienced some issues since, related to fuel line/generator failures and cooling issues.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

Data Automator Xceptor Offers Platform Ready-Made for AI

Dan Reid is not surprised that Xceptor, the data automation giant he formed two decades ago, finds itself at the vanguard of a change in the way financial institutions regard and use documents. The rapid and accurate parsing of information from paper- and PDF-based reports has been made possible thanks to recent developments in artificial intelligence. The volume...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...