Exchange and quote vendor market data systems bent but didn't break during the unprecedented transaction volume of Black Monday, October 19th, and subsequent days. The significant glitches that did arise were of the unanticipated variety -- the sort that can be expected but not predicted whenever large, complex systems are forced to operate on the brink of failure.
Panic-stricken users, of course, may not have appreciated the quality of market data they were seeing, especially since getting e
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails