Liquidnet’s Systems Not Affected; Firm Donates Commissions

WatersTechnology Staff
01 Oct 2001

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NEW YORK--Liquidnet resumed its operations Sept. 17, as the financial markets in the US returned to trading. Trade executions for the first three days averaged just over 5 million shares each day, a level that was about normal before the attack.

"Our system itself was simply not affected," says Seth Merrin, chief executive officer of Liquidnet. Liquidnet’s servers are hosted in Phoenix. The ISP at the midtown office went down, but it was restored again by the end of the week of the attack

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