The global outage began just as the London trading day was beginning, and forced the postponement of an auction of U.K. government debt.
A member of Bloomberg's technical support team told CNNMoney the company did not yet know what had caused the outage, and could not estimate when its products would be working again.
Bloomberg spokespeople did not respond to requests for comment but the company tweeted that it was restoring service to customers and investigating the cause.
Founded by Michael Bloomberg, the company is one of the leading providers of financial information and dealing systems in the world. More than 300,000 people subscribe to its flagship Bloomberg Professional product.
It competes with companies such as Thomson Reuters (TRI), Factset (FDS), Markit (MRKT) and others, and performs a vital role in providing secure systems for traders and investors in stocks, bonds, currency and commodity markets.
Many Bloomberg users were tweeting their frustration, while others saw the outage as an excuse to put their feet up Friday.
-- Ivana Kottasova contributed to this article.
CNNMoney (London) April 17, 2015: 6:22 AM ET
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