Finance world in the dark as Bloomberg terminals go offline
telegraph.co.uk
Finance world in the dark as Bloomberg terminals go offline
1–10 of 46 posts
Re: Finance world in the dark as Bloomberg terminals go offline
#2I wonder how many people appreciate the Irony that twitter is now the universal mechanism for people to report outages, and get updates on when critical services are down/up.
Re: Finance world in the dark as Bloomberg terminals go offline
#3I wonder how many people appreciate the Irony that twitter is now the universal mechanism for people to report outages, and get updates on when critical services are down/up.
All those that were early enough to see twitter go through their growing pains probably.
Re: Finance world in the dark as Bloomberg terminals go offline
#4Former bloomberg employee here. While the bloomberg service usually runs very well, its built mostley on spaghetti code that has been copy pasta'ed since the 80s and 90s. It might have improved since I worked there, but there were some serious deficiencies in development methodology.
Re: Finance world in the dark as Bloomberg terminals go offline
#5I don't understand how Bloomberg could be down worldwide.
Worldwide???
99% of what Bloomberg terminals are useful for can easily be replicated in multiple data centers. Why not, at a minimum, three separate regions, e.g. Asia, Europe, America?
These terminals lease for $24,000 a year. No discount for multiple terminals. I wouldn't be surprised if a single big investment bank pays $50 million a year to Bloomberg for its terminals. Michael Bloomberg is a billionaire. Surely the company can throw a few crumbs into some redundant data centers and availability zones.
And if it's down because of a botched worldwide software update, the people responsible should be immediately walked out the door and told "you're too f*ing stupid to work here any more".
IMO.
Sorry to be so dramatic. But the financial world depends on these terminals (for better or for worse). They have a right to expect unrealistic reliability.
Re: Finance world in the dark as Bloomberg terminals go offline
#6Former bloomberg employee here. While the bloomberg service usually runs very well, its built mostley on spaghetti code that has been copy pasta'ed since the 80s and 90s. It might have improved since I worked there, but there were some serious deficiencies in development methodology.
Heh, interesting tidbit. I've seen them advertising for positions in London on HN and they gave a good impression.
Re: Finance world in the dark as Bloomberg terminals go offline
#7Former bloomberg employee here. While the bloomberg service usually runs very well, its built mostley on spaghetti code that has been copy pasta'ed since the 80s and 90s. It might have improved since I worked there, but there were some serious deficiencies in development methodology.
In light of your nickname it's not surprising then that you write 'former'.
Re: Finance world in the dark as Bloomberg terminals go offline
#8I don't understand how Bloomberg could be down worldwide. Worldwide??? 99% of what Bloomberg terminals are useful for can easily be replicated in multiple data centers. Why not, at a minimum, three separate regions, e.g. Asia, Europe, America? These terminals lease for $24,000 a year. No discount for multiple terminals. I wouldn't be surprised if a single big investment bank pays $50 million a year to Bloomberg for i…
No need to say sorry. Truth might be bitter but is still truth. It's going to be a little doom's day today in the finance world worldwide.
Re: Finance world in the dark as Bloomberg terminals go offline
#9It also looks like the markets are dropping sharply (SnP futures etc). I wonder if there is a connection?
Re: Finance world in the dark as Bloomberg terminals go offline
#10Is there an alternative to Bloomberg? I haven't ever heard of traders using anything else.