Ice Clear Europe reported nine margin breaches averaging $14.6 million for the first quarter, the biggest of them $90.8 million in size.
The breaches at Ice were the largest average and top shortfalls in its futures and options business segment since public disclosure began in the third quarter of 2015.
Prior to this, the house’s largest margin breach was $80.3 million and occurred in the first quarter of 2017. The previous largest average amount of margin breach, $11.6 million, was in the l
The week on Risk.net, September 8-14, 2018Receive this by email