Bloomberg terminal, the monetary knowledge service utilized by merchants around the globe, was hit by an outage on Wednesday, disrupting quite a few authorities bond gross sales and buyer exercise, in line with a number of European debt administration workplaces and market sources.
The Bloomberg terminal is ubiquitous in buying and selling rooms, offering reside pricing of firm shares, currencies, commodities, bonds and different monetary devices.
Several of its features stopped working or have been slower on Wednesday.
Traders and market sources reported that reside pricing and market knowledge weren’t functioning and screens have been clean.
“You can’t load anything new, you can’t update spreadsheets, some of the auctions have been delayed,” Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal person, mentioned.
By mid-morning in Europe, two market sources mentioned their terminals have been slowly regaining some performance.
“This is a technical issue affecting multiple clients, our engineers are currently working on resolving this ASAP, will let you know as soon as this is fixed,” Bloomberg’s assist desk advised Agence France-Presse (AFP).
Bidding within the public sale of the U.Okay. authorities was delayed, in line with the Debt Management Office (DMO).
“Due to the ongoing market-wide Bloomberg system issues, the bidding window for this morning’s auction of the 4% 2031 is being extended,” the DMO mentioned.
A invoice public sale in Portugal was additionally delayed due to the outage, whereas Sweden delayed its scheduled bond public sale as a consequence of “technical issues.”
“Bids in the auctions are (…) submitted electronically via the Bloomberg auction system,” the Swedish debt workplace web site mentioned.
It was not instantly clear if Wednesday’s delay was all the way down to the outage.
The European Union additionally postponed its deadline for Wednesday’s sale of EU Bonds by one hour to 13:00 CEST (11:00 a.m. GMT).
Another Bloomberg person advised Reuters that their Bloomberg terminal was not presently working, aside from the chat perform, whereas one other described the scenario as a “nightmare.”
Source: www.dailysabah.com