Investment Technology Group Inc.’s brokerage operations and private trading venue were taken off line around 1 p.m. because of a technical problem at the data center where it is located, an executive said. Jamie Selway, head of electronic brokerage at ITG, said the data center in Weehawken, N.J., was experiencing a “catastrophic problem” with its heating, ventilation and air conditioning system. ITG and others in the data center opted to shut down their systems to avoid heat-related problems, he said. ...
Investment Technology Group (ITG) was shut down yesterday due to a "catastrophic problem" with its heating, ventilation and air conditioning system at its data centre. The ITG is the world's largest provider of IT services for financial institutions including banks, insurance companies, pension funds and asset managers.