What brokers worked during power outage?

Discussion in 'Trading' started by Wonderduck, Aug 14, 2003.

  1. Hi All,

    I am primarily on IB, which was completely down, and still is, for any trading purposes. I have a backup broker, which was also down.

    Did anyone have a broker which WAS able to trade during this outage, either on the ECNs, or better yet, at the Chicago futures exchanges, on Globex and ACE?

    Thanks! :)
     
  2. trendy

    trendy

    FFasttrade was up the entire time. I believe they are in Chicago. Where are IB's servers located?
     
  3. md2952

    md2952

    redi-plus never went down.Spear
     
  4. Not sure... def, can u help?
     
  5. def

    def Interactive Brokers

    IB's US servers are in CT. I don't have all details but we have backup generators. However, I believe they did not kick in properly and the systems had to be restarted. I don't have details about all the T3 and T1 lines going into the office either. In short, the system is supposed to fall over seamlessly in the event of a power failure (it has in the past) but something went wrong today. Naturally, we'll be taking a look at what happened and correct it.
     
  6. lindq

    lindq

    Brown/Co and Datek/Ameritrade were both fine. Not a good sign at all for IB that they were down. They should be decentralized, with all the volume they handle. Very unprofessional.

    I just recently opened an account at IB, and was ready to move some serious dollars there. Isn't going to happen now.
     
  7. always, always, always spread out your money. Use 2 3 or even 4 brokers if that's what it takes. Better to be safe than sorry.
     
  8. speedy

    speedy

    SLK was down for us.
     
  9. The platform at PFG Best Direct was up and running fine.
     
  10. TrackTrade worked
     
    #10     Aug 15, 2003