Bloomberg down: Glitch halts global financial markets
GLOBAL markets have been hit after a trading system used across the world went down early on Friday morning.
Bankers were without information after Bloomberg went down
Data provider Bloomberg said that it's investigating the cause of the outage that left some bankers without access to vital information for hours.
Major bond deals were postponed as a result of the system glitch. The UK government had been due to make a £3billion auction of debt, but the the third-party issues meant that the auction was pushed back until the afternoon.
"Bloomberg, normally a byword for dependability, has been hit with technical issues this morning and as a consequence trading volumes are a little lower in the early session," said Alastair McCaig, market analyst at trading platform IG.
The Bloomberg Professional service provides real time data to more than 320,000 people globally. The information underpins day to day trading and transactions across international financial markets.
Shortly after midday the service had still not been completely restored but was back up across most of the network.
In a statement the data company said: "Significant but not all parts of our system experienced a disruption today. There is no indication at this point that this is anything other than an internal network issue. We have restored service to most customers and are making progress in bringing all parts of the system back online. We apologise to our customers."
City workers took to social media to joke and complain about the disruption.
Millions of traders are looking out the window for the first time in years. #BloombergDown
— Lou Whiteman (@louwhiteman) April 17, 2015
Soooo. Pub? #BloombergDown
— World First (@World_First) April 17, 2015
City friends who've not replied to me for years are suddenly responding. #bloombergdown
— Sean Farrington (@seanfarrington) April 17, 2015
From Bloomberg Anywhere to Bloomberg Nowhere... #BloombergDown @Bloomberg pic.twitter.com/o90o5IT2iI
— The Green Balbo (@greenbalbo) April 17, 2015
Oxygen! I need oxygen! #bloombergdown pic.twitter.com/mIYOA7xMAl
— Ian Shepherdson (@IanShepherdson) April 17, 2015