Saturday, August 27, 2011

NYSE Weighs Shutdown Options as Irene Risk Closes Subways

from Bloomberg:

>>Equinix Inc. (EQIX), which operates data centers used by exchanges and alternative markets including dark pools to house their main computers and trading technology, will have more employees ready to work if the storm affects the operation of its facilities. Dark pools are private venues that compete with exchanges without displaying bids and offers publicly.

“The data centers are built to withstand very, very bad storms,” Steve Smith, chief executive officer of the Redwood City, California-based company, said in an interview in New York. “We’re double-checking our fuel to make sure we have reserves if we lose power,” he said. “We’re double-checking the generators. We’ll have more staff on standby, and on Sunday night and Monday we’ll be on higher alert.”

Backup fuel vendors are also on standby in case additional levels are required, Sam Kapoor, chief operating officer at Equinix, said in an e-mail. All of the company’s data centers are staffed around the clock, he said.

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