Technical Issues Hit ITG's Dark Pool

A private trading venue and the brokerage operations of Investment Technology Group Inc. were taken off line around 1 p.m. because of a technical problem at the data center where it is located, an executive said.

Jamie Selway, head of electronic brokerage at ITG, said the data center in Weehawken, N.J., was experiencing a "catastrophic problem" with its heating, ventilation and air conditioning system. ITG and others in the data center opted to shut down their systems to avoid heat-related problems, he said.

ITG's Posit trading venue, also known as a dark pool, handled trading of nearly 100 million shares for the two-week period beginning Aug. 3, according to data from the Financial Industry Regulatory Authority.

Write to Bradley Hope at bradley.hope@wsj.com

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(END) Dow Jones Newswires

August 27, 2015 14:35 ET (18:35 GMT)

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