Business debates whether or not different CCPs and exchanges would cancel trades if confronted with comparable disaster
The London Metallic Alternate’s profitable defence of a lawsuit over cancelled nickel trades has despatched clearing members scrambling to take one other take a look at change and clearing home rule books. The judgement in favour of the LME rested closely on its energy to tear up trades that was contained within the guidelines revealed by the change.
A head of clearing at a European financial institution says members are “double-clicking into rule books, in search of issues that we thought had been there only for catch-alls that will
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