CME, DTCC lead CCPs on operational failures
Analysis of 15 clearing houses shows outages lasting 34 hours in the past year – highest figure since 2019
CME Clearing and the Depository Trust & Clearing Corporation (DTCC) reported the highest number of operational failures among the top 15 central counterparties (CCPs) over the 12 months to end-June, Risk Quantum analysis shows.
The Chicago-based clearing house disclosed eight failures during the period, and three in the second quarter of 2023 alone.
On aggregate, the outages caused the CCP’s
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