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New Straits Times
21-05-2025
- Business
- New Straits Times
Bloomberg financial markets data service hit by outage
PARIS: Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of bonds in Europe. The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide. The service, which costs subscribers tens of thousands of dollars a year, is ubiquitous in trading rooms, providing live pricing of company stocks, currencies, commodities, bonds and other financial instruments. Traders and investors also use it for its news content and analytics and to exchange messages with peers around the world. But several functions stopped working or slowed to a crawl on Wednesday. "Our systems are returning to normal operations and terminal functionality has been restored following a service disruption earlier today," Bloomberg spokesman Ty Trippet said in a statement. The company's help desk told AFP that a "technical issue" had affected multiple clients. A company spokesman separately told AFP later that it had been an "internal problem." The service started working again, but more slowly, at around 1000 GMT. The problem disrupted bond auctions in Britain, Portugal, Sweden and by the European Union. "Due to global technical problems with Bloomberg, the EU postpones the deadline for today's EUB auction by one hour... to ensure a smooth functioning of the auction," the European Commission said in a statement. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues." The bidding window closed later, at 1030 GMT. "It's a mess. It's blocking business," Gregoire Kounowski, an investment adviser at London-based wealth manager Norman K., told AFP. Sweden extended its bidding window by three hours, while Portugal did so for four hours. Giles Plump, a London-based copper trader at US financial services firm StoneX, told AFP that price feeds were "very intermittent" and some functions were not loading, but those were "not major problems" for him. A trader in Dubai, who declined to give his name, said the terminal was "down" and "sometimes flickers back to life for five seconds." In 2015, Bloomberg terminals went out for two hours, disrupting market action and monitoring around the world.
Yahoo
21-05-2025
- Business
- Yahoo
Bloomberg financial markets data service hit by outage
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of bonds in Europe. The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide. The service, which costs subscribers tens of thousands of dollars a year, is ubiquitous in trading rooms, providing live pricing of company stocks, currencies, commodities, bonds and other financial instruments. Traders and investors also use it for its news content and analytics and to exchange messages with peers around the world. But several of its functions stopped working or slowed to a crawl on Wednesday. "Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today," Bloomberg spokesman Ty Trippet said in a statement. The company's help desk had told AFP at that a "technical issue" had affected multiple clients and it had deployed technicians to resolve the problem. The service started working again, but more slowly, at around 1000 GMT. The problem disrupted bond auctions in Britain, Portugal and Sweden, and by the European Union. "Due to global technical problems with Bloomberg, the EU postpones the deadline for today's EUB auction by 1 hour... to ensure a smooth functioning of the auction," the European Commission said in a statement. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues". The bidding window closed later, at 1030 GMT. "It's a mess. It's blocking business," Gregoire Kounowski, an investment adviser at London-based wealth manager Norman K., told AFP. Sweden extended its bidding window by three hours, while Portugal did so for four hours. Giles Plump, a London-based copper trader at US financial services firm StoneX, told AFP that price feeds were "very intermittent" and some functions were not loading, but those were "not major problems" for him. A trader in Dubai, who declined to give his name, said the terminal was "down" and "sometimes flickers back to life for five seconds". Previously, in 2015, Bloomberg terminals went out for two hours, disrupting market action and monitoring around the world. bur-fcz/rmb/jj
Int'l Business Times
21-05-2025
- Business
- Int'l Business Times
Bloomberg Financial Markets Data Service Hit By Outage
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of bonds in Europe. The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide. The service, which costs subscribers tens of thousands of dollars a year, is ubiquitous in trading rooms, providing live pricing of company stocks, currencies, commodities, bonds and other financial instruments. Traders and investors also use it for its news content and analytics and to exchange messages with peers around the world. But several of its functions stopped working or slowed to a crawl on Wednesday. "Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today," Bloomberg spokesman Ty Trippet said in a statement. The company's help desk had told AFP at that a "technical issue" had affected multiple clients and it had deployed technicians to resolve the problem. The service started working again, but more slowly, at around 1000 GMT. The problem disrupted bond auctions in Britain, Portugal and Sweden, and by the European Union. "Due to global technical problems with Bloomberg, the EU postpones the deadline for today's EUB auction by 1 hour... to ensure a smooth functioning of the auction," the European Commission said in a statement. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues". The bidding window closed later, at 1030 GMT. "It's a mess. It's blocking business," Gregoire Kounowski, an investment adviser at London-based wealth manager Norman K., told AFP. Sweden extended its bidding window by three hours, while Portugal did so for four hours. Giles Plump, a London-based copper trader at US financial services firm StoneX, told AFP that price feeds were "very intermittent" and some functions were not loading, but those were "not major problems" for him. A trader in Dubai, who declined to give his name, said the terminal was "down" and "sometimes flickers back to life for five seconds". Previously, in 2015, Bloomberg terminals went out for two hours, disrupting market action and monitoring around the world.
Mint
21-05-2025
- Business
- Mint
Bloomberg Terminal Outage: Financial markets data service platform disrupts UK, EU bonds auction
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of UK and EU bonds. The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide. The service, which costs subscribers tens of thousands of dollars a year, is ubiquitous in trading rooms, providing live pricing of company stocks, currencies, commodities, bonds and other financial instruments. Traders and investors also use it for its news content and analytics and to exchange messages with peers around the world. But several of its functions stopped working or came to a crawl on Wednesday. "Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today," Bloomberg spokesman Ty Trippet said in a statement. The company's help desk had told AFP at around 0900 GMT that a "technical issue" was affecting multiple clients and technicians were working to resolve the problem. The service started working again but slower at around 1000 GMT. "Due to global technical problems with Bloomberg, the EU postpones the deadline for today's EUB auction by 1 hour... to ensure a smooth functioning of the auction," the European Commission said in a statement. The UK Debt Management Office also said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues". The bidding window closed later, at 1030 GMT. "It's a mess. It's blocking business," Gregoire Kounowski, an investment adviser at London-based wealth manager Norman K., told AFP. Giles Plump, a London-based copper trader at US financial services firm StoneX, told AFP that price feeds were "very intermittent" and some functions were not loading, but those were "not major problems" for him. A trader in Dubai, who declined to give his name, said the terminal was "down" and "sometimes flickers back to life for five seconds".
Business Mayor
21-05-2025
- Business
- Business Mayor
Bloomberg down: Bond sales in chaos after terminal outage
Bloomberg's terminal for financial professionals has suffered an outage, impacting several government bond sales and customer activity. Traders and market sources have reported issues such as screens going blank, while live pricing and market data were not functioning on Wednesday, May 21, according to Reuters. Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal user, said: 'You can't load anything new, you can't update spreadsheets, some of the auctions have been delayed.' Two market sources confirmed to Reuters that by mid-morning, their terminals were slowly regaining some functionality. Bloomberg spokesman Ty Trippet told The Express: 'Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today.' The Bloomberg Terminal is a subscription service widely used by financial service professionals, giving access to real-time financial data, news, and analytics. Various sales were delayed on Wednesday, May 21, including the deadline for an auction of UK government debt, although that sale has now gone ahead, according to the Debt Management Office (DMO). A bill auction in Portugal was postponed until 14:30 CEST (12:30 GMT) because of the outage, while the European Union also postponed its deadline for the sale of EU Bonds by one hour to 13:00 CEST (11:00 GMT). Sweden delayed a scheduled bond auction due to 'technical issues', although it was not explicitly clear if this was due to the outage. The Swedish debt office said: 'Bids in the auctions are (…) submitted electronically via the Bloomberg auction system.' Read More AI knowledge gets your foot in the door READ SOURCE
