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: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

The Blueprint for High-Performance Trading Infrastructure

On this episode of FinTech Focus TV recorded at A-Team Group’s Buy AND Build Summit, Toby Babb of Harrington Starr chats with Diana Stanescu, Finance and Capital Markets at Keysight Technologies, to explore how speed, quality, and trust are redefining the trading technology landscape. From Keysight Technologies’ investment in InstrumentiX to the evolving “buy and...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...