Bloomberg down: outage disrupts trading and delays debt sale
Bloomberg, a financial data platform used by traders across the world, reported blackouts on Wednesday morning, disrupting transactions and causing a delay to a UK debt auction.
Traders and investors said they could no longer access live pricing from the terminal after 9am but had access to the system's internal messaging system, known as IB.
The UK's Debt Management Office said it had extended an auction window for the sale of a four-year gilt to 11.30am due to 'ongoing market-wide Bloomberg system issues'. The causes of the disruption are not yet known.
Bloomberg's $28,000-a-year terminal provides a swathe of live market pricing across all financial asset classes and is the main data and trading system used by financial institutions across the world.
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