On average, budgets for American and European buy-side trading desks rose by four percent in 2019, and it appears that much of that increase went to spending on technology rather than for hiring staff, according to a recent report from Greenwich Associates, a market research firm. In fact, the research firm found that “headcounts among… Read More >>
Bloomberg Terminals Suffer Global Outage
Bloomberg terminals experienced a mass outage this morning, leaving traders in the dark for roughly four hours and causing the U.K. to cancel a multi-billion government debt buyback, according to media reports. The outage began shortly after European markets opened, and service was restored about four hours later. Bloomberg officials say they were able to determine… Read More >>
