What brokers worked during power outage?

W

Wonderduck

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! :)
 
Quote from Wonderduck:



Not sure... def, can u help?
More...

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.
 
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.
 
Quote from 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.
More...

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.
 
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