September 19, 2023 (NO COMMENTS)

Model update drives record-high liquidity risk

Nasdaq Clearing’s peak aggregate initial margin (IM) call rose to all-time highs at all three of the firm’s clearing services in the second quarter. The Commodities service recorded the most dramatic quarterly rise, surging to €4.89 billion ($5.25 billion) from just €81 million, a sixtyfold increase. Its previous high was €1.2 billion in Q3 last year. At the Financial Markets service, the peak aggregate IM call soared to Skr49.9 billion ($4.48 billion) from Skr1.98 billion. Its previous