Bloomberg’s trading terminal — used by traders to read business and economics news — experienced an outage on Friday morning, reports Matt Clinch of CNBC.com.
Clinch reports, “The U.K. Debt Management Office confirmed to CNBC that a treasury auction due at 10 a.m. London time on Friday morning had been postponed due to the problems with the Bloomberg terminal.
“A trader at Amplify Trading in London said that the issue had also hit trading liquidity on Friday and accentuated the “risk-off” sentiment seen in several asset markets during the morning session. The Bank of England later said in a statement that it was ready to provide liquidity if needed after the outage, according to Reuters.
“Bloomberg terminals — also known as Bloomberg Professional — are vital to many traders’ day. As well monitoring and analyzing real-time financial data, traders can also execute trades using the terminal. Bloomberg has previously stated that it has more than 315,000 subscribers worldwide.”
Read more here.
Bloomberg issued a statement: “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 apologize to our customers.”
