Financial markets were thrown into turmoil on Friday as the Bloomberg terminals used by hundreds of thousands of traders around the world went offline.
Bloomberg has already released a statement with apologies, but it gives no explanation for the glitch. Importantly, a lot of traders had given up using Bloomberg trading screens opting for trading terminals from Reuters.
The worldwide crash is blamed on an outage in Bloomberg terminals at around 8.20 am GMT on Friday. It disrupted numerous deals and even forced the UK and other nations to postpone bond sales.
Bloomberg terminals are used by about 320,000 customers at a subscription fee of $2,000 a month as a source of financial information and also a trading tool.
International news agency Reuters also provides financial information by means of its inventive Thomson Reuters Eikon terminal.
