IB still down for some people; think I heard 25% worldwide.
Just happy everything was up for me before getting to work.
Finance world in the dark as Bloomberg terminals go offline
11–20 of 46 posts
Re: Finance world in the dark as Bloomberg terminals go offline
#12I 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…
They're really lucky this happened on a slow news Friday; especially with everything going on with Greece right now.
Re: Finance world in the dark as Bloomberg terminals go offline
#13I 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…
Support people at Bloomberg must have been really busy today and phones may be constantly ringing. Wish we get post mortem report later on.
Re: Finance world in the dark as Bloomberg terminals go offline
#14Is there an alternative to Bloomberg? I haven't ever heard of traders using anything else.
Reuters offers a terminal with similar capabilities.
Re: Finance world in the dark as Bloomberg terminals go offline
#15I 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.
And Bloomberg terminals are now the universal mechanism for people to monitor and report on how successful Twitter is as a company.
Re: Finance world in the dark as Bloomberg terminals go offline
#16Re: Finance world in the dark as Bloomberg terminals go offline
#17Former 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.
I don't know when you worked there, but that is not how things are run. Source: I work there.
Re: Finance world in the dark as Bloomberg terminals go offline
#18I 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…
The service does have unrealistic reliability. An event like this is exceedingly rare.
Re: Finance world in the dark as Bloomberg terminals go offline
#19I 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…
Terminals can lease for way more than $24,000 depending on additional data options, and an investment bank can easily spend more than $50m on them.
There will also be Reuters, Datastream and various other terminals with not quite substitutable functionality kicking around the office, so they're not totally 'in the dark' its just a bit less convenient and some trades could be missed.
Re: Finance world in the dark as Bloomberg terminals go offline
#20I 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…
Bloomberg has just paid a lot for their experience of what mistakes to not make in the future.
Walking them out the door would be a fantastic waste of money.