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A cyber-attack on the ION division has impacted the processing of cleared derivative instruments across global markets.
ION Cleared Derivatives suffered “a cybersecurity event” on Jan. 31, 2023, that set off an ongoing crisis for the global processing of cleared derivative instruments. The cyber-and-ransomware attack has gotten the attention of the CFTC, and the Futures Industry Association (FIA) and is likely to take days to resolve, according to media reports and officials....
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