There was a global outage on the Workspace by LSEG news and data platform, which affected international user access and caused disruptions to financial markets.
The LSEG Group (LSEG.L) launches a new tab. The Workspace news and data platform experienced a global outage on Friday that disrupted financial markets and impacted user access internationally. The company reported having a third-party worldwide technical issue that was affecting some services in a service announcement to clients; nevertheless, trading of securities on the London Stock Exchange remained unaffected. This was a significant global IT outage that affected businesses worldwide.
In addition, the LSEG outage prevented the corporation from providing updates to the markets via its Regulatory News Service, and as London trade began, indications of unrest in one of the busiest financial hubs worldwide surfaced. When I reached out to some of the largest banks in the world, such as JPMorgan, HSBC, Goldman Sachs, and Barclays, to inquire about the state of their trading operations, none of the institutions responded right away.
A trader located in London stated that the disruption was impacting many multilateral trading facilities, preventing certain clients from engaging in trading activities. The trader went on, “We are experiencing the mother of all global market outages.” LSEG announced during Asian trading hours that a worldwide technical problem was impeding the publication of news on its platform. Separately, LSEG announced that at 0600 GMT, it was having technical difficulties releasing its spot and forward currency prices.
We are looking into this right now, and we’ll let you know more as soon as we have it,” LSEG stated in a client communication obtained. In early London trade, the company’s shares opened 0.6% lower. In other news, a cyber outage involving a problem at the multinational cybersecurity companies Crowdstrike (CRWD.O) and Microsoft (MSFT.O) on Friday affected media, stores, banks, airlines, and telecoms firms throughout Australia and New Zealand.
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