Bloomberg terminals used by subscribers to make trades using real-time developments in business and finance were struck by a "global network problem" Friday, the company's technical department said.
17.04.2015
(AFP) Bloomberg terminals used by subscribers to make trades using
real-time developments in business and finance were struck by a "global
network problem" Friday, the company's technical department said.
"Our network teams are trying to resolve the problem," a Bloomberg
representative said without specifying the cause of the breakdown that
led countless screens to go black Friday morning.
Bloomberg terminals feed movements of global equity markets to
worldwide subscribers - many of whom are themselves traders and
strategists in the global financial sector, and consider the service an
essential tool.
But Friday's global outage even sent terminals within the company offline.
"Even I can't get the terminal to connect," a Bloomberg employee said, adding the "situation should rapidly get back to
normal."
Breakdowns in the Bloomberg system are extremely rare, and finance
professionals found themselves stranded when their screens went blank
Friday.
"(The outage) is really disruptive for everyone," said London-based
Natixis bond strategist Rene Defossez, who is responsible for working
daily forecast and advisory models. "Those function using Bloomberg data, which makes this a real problem."