Bloomberg Terminals Suffer Widespread Failures (NYT)

The web that weaves together much of the global financial ecosystem went down for a few hours on Friday when the Bloomberg data and communication network unexpectedly crashed. The failure at Bloomberg, which provides data and trading services for 325,000 financial professionals around the world, effectively shut down some parts of the capital markets and forced traders to confront their level of reliance on the Bloomberg system. It immediately breathed new life into efforts across Wall Street to find alternatives to Bloomberg.

Read the Story