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Data Communications Disruption May Hamper the NYSE

Yesterday, Reuters reported that Verizon's facilities in Lower Manhattan have been severely damaged. From our experience working for financial firms in that area, there are thousands of T1 lines and other private lines that interconnect the New York Stock Exchange, NASDAQ, banks, and brokerage houses. There is no question that many of these will be impared or fully disrupted for some time. This article provides some anecdotal evidence of the amount of infrastructure work that needs to take place, beyond basic electricity, gas, and steam.

The contingency plans of all Lower Manhattan-based firms and organizations have never been enacted to the extent that they will be within the next few days. We can only hope that when the stock markets begin trading that they can take the orders, process them, and provide market data to their customers.

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