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. ...
ITG ( Investment Technology Group ) was shut down earlier this week due to a "catastrophic problem" with its heating, ventilation and air conditioning system at its data centre. As we pointed out yesterday , 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 .