Ever since Standard & Poor’s downgraded the U.S. government’s credit rating last week, the global financial markets have been on a wild ride.In the midst of a week where the Dow Jones Industrial was down 630 points on Monday, up 420 points on Tuesday then down 520 points on Wednesday, financial media and technology company Bloomberg LP has been at the eye of the storm.An unprecedented amount of stock trade data, stock quotes and other financial news and information has flowed through the Bloomberg Professional service, a platform for stock trading tools and financial and investment information used by more than 300,000 financial professionals globally.Bloomberg processed 41 billion ticks — a tick is a change in a security’s trades, bids and offer prices — on Friday Aug. 5, a 33 percent increase over the last major market peak in March 2011 (the Japanese earthquake and tsunami). This compares with 20 billion ticks for the financial crisis in 2008, 27.5 billion ticks during the flash crash of May 2010 and 30 billion ticks after the Japan tsunami. (See chart below)All of this added up to one nerve-wracking week for Bloomberg’s CIO Vipul Nagrath as his months of testing and preparation for… Read full this story
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