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

Upcoming Webinar: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Date: 21 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or...

BLOG

WFE Signals Extended Trading Hours Feasible, but Warns Settlement Systems Must Catch Up

The World Federation of Exchanges (WFE) has published new research concluding that extended trading hours, including near round-the-clock markets, are technologically feasible, but their long-term sustainability depends on coordinated reform across clearing, settlement and payment infrastructure. In Extending Exchange Trading Hours, the WFE examines proposals from major U.S. exchanges to expand equity trading toward 22-...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...