Treasury selloff challenges back-office systems, data feeds
FIS and Trading Technologies suffered downtime during peak activity
The selloff in US government debt this week prompted snarl-ups in trade processing at FIS and Trading Technologies, clearing sources say.
Third-party clearing systems, which offer automated post-trade processing, were unable to cope with the volume of US Treasury trades, according to seven industry sources, as throughput doubled to $2 trillion a day following US tariff announcements. According to
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