Bloomberg Terminal Outage Disrupts Trading and Bond Auctions
A significant outage of the Bloomberg Terminal has affected traders and disrupted government-bond auctions, particularly in the UK and EU markets. The technical difficulties led to an extension of the bidding window for the UK gilt auction and delayed key market data, alarming traders reliant on the financial data service. Despite the restoration of services, frustrations with market infrastructure have been amplified, as the outage marked a rare disruption for the $28,000-a-year terminal service. Social media platforms were abuzz with reports of the outage, while traders were relieved to note it occurred on a relatively quiet trading day.
WSJ, Financial Times, Bloomberg.com, MarketWatch, The Times, The TRADE, Barron News-Shield, The DESK, Binance, Capital Brief