The big blackout in New York last week left the market data industry feeling pleased with itself. Emergency back-up systems appeared to work as they were designed to last Thursday and Friday, allowing market data vendors and exchanges to continue operating after the power outage in eastern parts of the US and Canada.
Both the New York Stock Exchange and Nasdaq said no data was lost because of the blackout, and the exchanges were able to transmit official closing prices for stocks as usual. Th
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails