Reuters’ system failure disrupts FX trading

The outage took place at 0120 GMT (0220 UK time) and lasted an hour before fully recovering by 0320 GMT, said a spokesperson for Reuters in London. He said trading in sterling, Australian and New Zealand dollars were affected.

“A lot of our feeds for our internal systems come direct from Reuters, so there were some ongoing implications,” said a Singapore-based trader. He said volumes naturally migrated to rival broker EBS as a result.

One head of trading added: “Both Reuters and EBS as the p