Market Panic

Though stock market closures due to power outages rarely occur, they happen. And when they do, they can cause major problems. Our continuing feature on industries most affected by power outages.

The stock market is a highly sensitive and fluctuating trading platform, with ups and downs occurring in as little as seconds. Owing to the uncertainty, stock exchange participants keep a keen eye on the market’s every move in order to calculate and plan for their strategies and decisions. Now, imagine their reaction if the stock market suddenly shuts down and suspends trading owing to a power outage, for instance.

Stock exchange shutdowns, though fairly rare, have happened. Power outages, and their consequent effects on computers, databases, software and hardware, have affected even the largest exchanges in the world, including the London Stock Exchange, Frankfurt Stock Exchange, Nasdaq, Moscow Interbank Currency Exchange, New York Stock Exchange, OMX Nordic Exchange and the Australian and New Zealand Stock Exchange.

As stock exchanges have a high degree of accountability towards its customers, owing to the billions of Dollars being traded every day, they cannot afford to suspend operations and put such a huge sum at great risk. Because their operation is highly critical, it is advisable that stock exchanges take a proactive stance against the possibility of power outages, be it by natural or man-made reasons. They can opt to hire the services of a temporary power provider, which can supply them with large-scale interim power stations that guarantee to bridge the electricity gap in times when electrical power is cut or insufficient. Mobile large-scale generators are modular, flexible and cost-efficient, and are infused with state-of-the-art electrical engineering technologies.

Because temporary power plants are modular and containerized, they can be deployed from and to virtually any point on Earth: Remote areas are not an issue. They are equipped with flexible technologies that allow them to produce the exact amount of power as needed by the client at any moment in time. This means that the customer will be ensured of an efficient and precise power supply in any given situation. They are also highly cost-beneficial when used in short- and medium-terms, as running them is comparatively lower than the projected losses and recovery expenditures should stock exchanges suffer the consequences of a power outage due to load shedding, power plant shutdowns, natural disasters or human error.

With the amount of money running through stock exchanges throughout the world, even a momentary suspension of business can lead to serious financial consequences. Because every second counts in stock market transactions, reacting to problems as they occur is insufficient and, at times, unacceptable. It is, then, essential for trading platforms to be proactive and prepared for the worst possible electricity supply scenarios, because, much like every industry in the world today, power is the lifeblood of their business.

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PRESS INQUIRIES
Robert Bagatsing
Altaaqa Global
Tel: +971 56 1749505
rbagatsing@altaaqaglobal.com