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. As we pointed out earlier this week, this latest problem follows an announcement by ITG that it was near a record settlement of c. $20.3m with regulators over violations in its "dark pool", causing its private stock trading venue to fall by nearly half.