The fine was ordered by regulator in Sweden after a trader defaulted and Nasdaq Clearing had to tap its own funds to cover the losses.
Tag: Nasdaq Clearing
Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
New model introduces direct relationship between client and CCP for cost efficiency.
Swedish watchdog finds Nasdaq Clearing and Nasdaq Stockholm failed to manage cyber security from outsourced provider.