Reuters' Hub Crash Leaves Some Screens Blank For Four Hours
DELIVERY & DISPLAY
The failure of Reuters' midtown Manhattan data center late last month left several major banks and brokerages without access to the vendor's data and dealing services -- and forced many of them to turn to alternative sources of market data and foreign exchange market liquidity. The down time, which lasted from 8:30 a.m. to 12:45 p.m. on Feb. 24, was the result of a power outage which apparently also got the better of the data center's backup procedures.
The list of Reuters customers whose trading
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