Buy-side firms participating in derivatives markets say that fees constitute the top determining factor in their choice of clearing brokers. But firms also value a clearing broker’s capabilities to access markets and products, the quality of transaction execution, and the operational processes they offer, according to “Execution and clearing: What the buy side expects from… Read More >>
ION Cleared Derivatives Reels from Ransomware Attack
ION Cleared Derivatives suffered “a cybersecurity event” on Jan. 31, 2023, that set off an ongoing crisis for the global processing of cleared derivative instruments. The cyber-and-ransomware attack has gotten the attention of the CFTC, and the Futures Industry Association (FIA) and is likely to take days to resolve, according to media reports and officials…. Read More >>
