Update: Bloomberg Cites Hardware, Software Failures for Terminal Network Outage
Vendor apologizes to clients for network failure that left thousands without data.
According to a Bloomberg spokesperson, software and hardware failures precipitated excessive volumes of network traffic, overwhelming terminals and forcing them to disconnect from its network. Sources say the outage appears to have been global and affected many─if not all─clients, though Bloomberg's other data products, such as its B-Pipe datafeed and back-office data services, were not affected by the outage.
The issue began just before UK market open, leaving many screens dark for the UK
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