LONDON : “LSEG Data and Services Back Online After Outage”, LSEG Group’s data and services were back up and running on Friday after suffering an outage earlier in the day that caused some disruption across financial markets.
A global tech outage on Friday disrupted operations in multiple industries, with airlines halting flights, some broadcasters going off-air and everything from banking to healthcare hit by system problems.
LSEG, which provides financial market data and analytics to banks and other financial institutions, said a technical problem that had impacted its spot and forward rates on currencies had now been resolved and services restored.
“We’re currently working through the backlog of data,” the company informed clients in a memo reviewed by Reuters.
LSEG’s Regulatory News Service, responsible for publishing company updates, has also resumed operations. Additionally, prices and news for various assets are now available on its Workspace platform, both of which had experienced disruptions earlier in the day.
Earlier on Friday, a spokesperson for LSEG stated that the firm was facing a third-party global technical issue affecting certain services. The spokesperson clarified that securities trading on the London Stock Exchange remained unaffected despite the disruption.
Reuters reached out to several of the world’s largest banks, including JPMorgan, HSBC, Goldman Sachs, and Barclays, to verify the status of their trading activities. These banks collectively handle billions of dollars in securities trading daily.
Some banks and financial services firms said employees and customers had problems accessing their systems.
Barclays reported that customers were unable to manage their accounts on its digital investing platform Smart Investor, while Germany’s Allianz said the outage affected the ability of employees to log on to their computers.
