Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Air Conditioner Failure At CenturyLink Data Center Takes ITG Dark Pool Offline

Earlier today, we first reported that the massive CenturyLink NJ2 data center in Weehawken was in shut down mode as a result of a critical failure in its HVAC system. This promptly led BATS to issue a warning that "the cage will not have cooling over the next couple of hours at a minimum, so BATS would like to advise Members utilizing the BATS NJ2 PoP of potential impact that could result from overheating of equipment. BATS has shutdown all non-critical infrastructure at the NJ2 PoP at this time and will continue to monitor the situation."

We commented that "while BATS may be safely offline and trading out of a redundant location, one wonders just how many other "wealth effect" mission critical HFTs clients of CenturyLink are about to go offline, and whether the entire market is about to go down with them?"

Moments ago we found at least one, appropriately enough the company whose dark pool was recently busted in the biggest criminal scam involving a private trading company's dark pool: ITG, which announced minuets ago that it would shut down its dark pool POSIT for the rest of the day.

  • NEW JERSEY DATA CENTER WHERE ITG OPERATES HAS HVAC ISSUE
  • ITG SHUTDOWN INCLUDES POSIT DARK POOL
  • ITG SAYS IT WON'T BE TRADING FOR REMAINDER OF DAY

Whether or not this added to the market tumble that resulted from the JPM note, first and so far only posted here, is unclear but the fact that many are wondering if the market may be crashing as a result of a blown air conditioner should tell you all you need to know about the current state of the so-called market.