Categories: OLD Media Moves

Bloomberg terminals hit by outage on Friday morning

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.”

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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