Derivatives dealers report business as usual after power cut

A spokesman for JP Morgan Chase in London said that yesterday’s trading day closed successfully and that today it was “business as usual”. “We have back-up systems that functioned perfectly,” said the spokesman.

Deutsche Bank issued the following statement: “We can confirm that we are able to carry out all business-critical operations today. Payment transactions from yesterday were processed. We have full use of our 60 Wall Street headquarters and all our buildings outside New York City. Our other buildings in New York City are partly operational. Our contingency sites have been activated and are fully operational.”

A spokesman for Goldman Sachs said the trading room lost power for 20 seconds before the back-up kicked in. The spokesman added that some employees had chosen to spend the night in the office to be on hand for business the following day.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here