Nasdaq Clearing fined $36 million in Sweden for trader default
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
Industry heavyweights partner for blockchain margin and collateral service
Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
Nasdaq Clearing establishes direct clearing client model
New model introduces direct relationship between client and CCP for cost efficiency.
Nasdaq fined €5.6 million due to cyber security failures in Sweden
Swedish watchdog finds Nasdaq Clearing and Nasdaq Stockholm failed to manage cyber security from outsourced provider.