For at least two and a half hours early Friday — an hour before Asian markets closed and right as European markets were opening — Bloomberg's ubiquitous data terminals went dark. More than 315,000 traders and other financial professionals use the Bloomberg terminals to get market data and news, and to chat with fellow traders, and the outage appeared to be worldwide. Some banks in London said the terminals were working again by mid-morning.
Most trading firms have other ways of accessing market information, often through competing terminals from Thompson Reuters, but many traders aren't used to relying on the Reuters boxes, and Bloomberg is much stronger on bond data.
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