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Traders from London to Singapore struggle as cyber outage disrupts business

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LONDON: Traders in oil, gas, power, stocks, currencies and bonds from London to Singapore struggled to operate on Friday (Jul 19) as a global cyber outage hampered operations, companies, banks and

The headquarters of the European Energy Exchange is pictured during evening light in a centre-of-town high-rise office building in Leipzig, Germany on Apr 25, 2021. LONDON: Traders in oil, gas, power, stocks, currencies and bonds from London to Singapore struggled to operate on Friday as aLSEG Group, which runs the London Stock Exchange, said its Workspace news and data platform suffered an outage that affected users worldwide due to a"third-party global technical issue".

At least six trading sources at oil majors Shell and BP as well as trading house Vitol said operations were affected. BP, Shell and Vitol did not immediately respond to requests for comments.Long queues, frustrated passengers at Changi Airport after some airlines' systems go down in global IT glitch German banks are facing disruptions, a spokesperson for the Deutsche Kreditwirtschaft financial industry association said.

Major banks JPMorgan, HSBC, Goldman Sachs and Barclays did not immediately respond to requests for comments.

 

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