Microsoft outage gums up markets, forces traders to use phones

Microsoft Outlook went dark on Rita Elkazzi just as a volatile week in markets was coming to an end. As swings in AI stocks and bonds kept traders on edge, the UBS Group AG execution-sales head for Australia and New Zealand was forced onto phones and alternative channels to communicate.

“It’s been a bit of a disaster and I can’t believe still not resolved,” said Sydney-based Elkazzi. “It means a lot more diligence on ensuring trade recaps et cetera are accurate.”