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

TMX Agrees to Acquire Cboe Canada and Australia, Reshaping Canadian Market Structure

TMX Group has agreed to acquire Cboe Australia and Cboe Canada from Cboe Global Markets for US$300 million (C$409 million), in a transaction that removes TMX’s principal challenger in Canadian equities trading and listings and folds Cboe’s Australian venue into the Toronto-based operator’s growth ambitions. The Canadian component is by far the more consequential leg...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...