LCH leads top CCPs on operational failures
London-based clearing house said core systems were down for over seven hours in 12-month period
LCH Ltd posted the highest number of operational failures among big central counterparties (CCPs) over the 12 months to end-June, Risk Quantum analysis shows.
The London-based clearing house disclosed that core systems used for clearing failed 15 times over this period. These failings caused the systems to be offline for seven hours and 35 minutes in total.
Ice Clear Europe reported six failures, lasting a combined total of two hours.
Ice Clear Credit and the Depository Trust & Clearing
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