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 financial settlement of c. $ 500 m with shareholders over violations in its " dark pool " , causing its private stock trading venue to fall by nearly half .