Bloomberg Terminals Go Down Globally
“The Bloomberg Professional service — the terminal has more than 315,000 subscribers worldwide — is considered by many traders a key tool for analyzing data and executing trades.
The outage began at around 3:20 a.m. Eastern Time, and was still continuing three hours later. A Bloomberg terminal customer-support adviser told MarketWatch that some users were able to log in again, but that the terminal was not fully back to normal.”
By SARA SJOLIN MARKET WATCH REPORTER LINK
Bloomberg data terminals are used to analyze and trade securities around the world
By ANJANI TRIVEDI & JOSIE COX
Bloomberg’s financial terminals went down globally on Friday, resulting in disruption for traders who rely on the data machines to analyze and trade securities and causing the U.K. to postpone a scheduled multi-billion buy-back of government debt.
Traders said the terminals went dark shortly after European markets opened. By midmorning, the U.K.’s debt-management office said it had postponed a scheduled buyback of government debt, citing ongoing technical issues with a third-party platform supplier, which a spokesperson confirmed to be Bloomberg.
Read: Bloomberg terminal goes down, traders get up to fun
“We are currently restoring service to those customers who were affected by today’s network issue and are investigating the cause,” a spokesman for Bloomberg, run by former New York City Mayor Michael Bloomberg, said.
Bloomberg’s data-and-information terminals are used widely by bond, stock, commodities and foreign-exchange traders globally, both to trade and to chat with other market participants logged into the terminals.
Regulators in Singapore were in touch with banks and market participants to ensure market functionality on Friday, people familiar with the matter said. The chat function is the main tool used by the global financial community and is included in the cost of a terminal--about $20,000 a year.
“The communication chat has become vital to the sharing of information across regions and counterparties. So a global outage like this is systemically important to markets all around the world,” said Louis Gargour, the chief investment officer at London-based asset manager LNG Capital.
An expanded version of this report appears at WSJ.com.
Bloomberg had a massive unexplained outage this morning
By MIKE BIRD
Bloomberg terminals went down for nearly two and half hours on Friday.
All around the world, Bloomberg terminals refused to connect. No clear cause has been announced yet and hundreds of thousands of traders were pretty much locked out of the world's dominant trading and data platform.
Bloomberg confirmed the outage but no cause has been mentioned so far, tweeting: "We are currently restoring service to those customers who were affected by today’s network issue and are investigating the cause."
It also looks like some people switched to the less popular Reuters system during the outage.
The first tweets started coming through suggesting Bloomberg was out just after 8 a.m. London time (3 a.m. New York Time).
And just around 10:30 a.m. London time, traders starting saying they were getting access again.
Even the British government's Debt Management Office had to suspend a sale of t-bills due to the outage. The whole financial sector is hugely reliant on Bloomberg's systems.
Users got a "CONNECTION LOST" error message that looks like this:
At least one user in Paris apparently managed to get onto the system:
Bloomberg may struggle with hundreds of thousands of users trying to get back in all at the same time.
Users made the most of the outage on Twitter.
Read more: http://www.businessinsider.com/bloomberg-systems-just-went-downall-ar-2015-4#ixzz3XZNxOBiX