Finance Magnates· Adonis Adoni·· 2 hours agoAI score55
Global Microsoft 365 outage disrupts financial market operations, prompting Japan market participants to switch to fax and other manual methods
Microsoft Outage Forces Japanese Markets To Dust Off Fax Machines
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A 12-hour global Microsoft 365 outage affected Exchange Online, disrupting financial institutions’ operations and preventing customers of retail forex brokers from logging in via email and completing trade settlements. During the outage, reports on U.S. Downdetector at one point exceeded 130,000; Japanese brokers advised customers to monitor their trading tools, while traders in Singapore bypassed automated systems via phone and WhatsApp, with some trade confirmations handled manually.
Source:Finance Magnates · financemagnates.com