LONDON/NEW YORK, July 19 - Trading in oil, gas, power, stocks, currencies and bonds was on its way back to business as usual after a sweeping global cyber outage hampered operations at financial services firms and banks from London to Singapore, although residual data problems remained.
LSEG Group , opens new tab, which runs the London Stock Exchange, said its Workspace news and data platform, regulatory news service and currency spot and forward prices had been affected by the outage caused by a"third-party global technical issue". The European Energy Exchange said in a statement, on its website that clients using the Trayport power and gas trading platform were having problems trading"due to infrastructure issues with third-party service provider".
"Friday's global tech outage is an example of an unforeseen event that market participants always fear, but don't frequently think about," said Glen Smith, chief investment officer at GDS Wealth Management.The New York Stock Exchange and Nasdaq said markets were operational and working normally. One London-based trader said several multilateral trading facilities were affected, leaving some clients unable to trade.
Schwab had a posting on its website saying:"Due to a third-party, global, industry-wide issue, certain online functionality may be intermittently slow or unavailable. We’re actively monitoring the issue. Phone services may be disrupted and hold times may be longer than usual."Barclays ,reported customers were unable to manage accounts on its digital investing platform Smart Investor. Germany's Allianz , said the outage affected the ability of employees to log on to their computers.