Rates markets rattled as tech outage hits broker pricing feeds

The faulty Crowdstrike software update that triggered massive global tech outages wreaked havoc on rates markets, with dealers forced to widen bid-offer spreads and pull live curves for most instruments after losing access to Tullett Prebon and Icap’s pricing feeds. 

“Two of the main brokers have been affected so our market is almost non-existent,” says one rates trader.  


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