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Bloomberg, the markets data and media service, is currently experiencing widespread issues that are impacting traders’ ability to access live pricing and disrupting trading activities, including an auction of UK government debt.
Many users have reported significant delays on the Bloomberg terminal, with live pricing being unavailable, leading to difficulties in executing trades.
One London-based fund manager expressed frustration, stating, “We’ve been told not to trade. I can’t remember this level of non-functioning.”
Another trader compared the situation to betting on a match without being able to see or know the score, noting that trading volumes have decreased as a result of the outage.
The technical difficulties also affected an auction of UK government debt, prompting the Debt Management Office to extend the bidding time to accommodate the disruption.
The DMO announced, “We expect the close time of the auction bidding window to be 11.30am, subject to Bloomberg systems issues being resolved.”
Despite the challenges with live pricing, traders reported that Bloomberg’s instant messaging service, IB, was still operational. The company has not yet provided a response to inquiries about the issue.
At 9:55 am on Wednesday, the Bloomberg help desk acknowledged the global terminal issue, stating, “We’re currently experiencing a global terminal issue, and our engineering team is actively working to identify and resolve the problem.”
The message continued, “I sincerely apologize for the inconvenience, and we truly appreciate your patience and understanding in the meantime.”
