Bloomberg Terminal Outage Disrupts Traders and Delays Key Debt Auctions

Bloomberg, a market data and media services provider, faced significant disruption on Wednesday morning, leaving traders unable to access live pricing and delaying key sovereign debt auctions in the UK and EU.

The Bloomberg Terminal, a critical tool for the financial industry with an annual price tag of USD28,000 per year, experienced widespread delays, preventing users from executing trades effectively. The lack of real-time pricing sparked frustration among traders, who cited the outage as a significant hurdle in their operations.

By 11:00, roughly 90 minutes after the issue was first reported, users began to see services gradually return to normal.

In a statement later that morning, Bloomberg confirmed the resolution of the outage, stating: “Our systems are returning to normal operations, and Terminal functionality has been restored following a service disruption earlier today.”