US CFTC merchants report delays because of ransomware assault on information agency Ion

US CFTC merchants report delays because of ransomware assault on information agency Ion

WASHINGTON (Reuters) – The U.S. Commodity Futures Buying and selling Fee stated on Thursday that the CFTC’s weekly Dedication of Merchants report will likely be delayed till all trades are reported because of a ransomware assault on ION Buying and selling UK.

ION Group, the mum or dad firm of the monetary info agency, stated in an announcement on its web site that the assault was launched on Tuesday. Sources aware of the matter instructed Reuters it may take days to repair the outage, leaving many brokers unable to course of derivatives trades.

“The continuing difficulty is affecting the power of some clearing members to supply well timed and correct info to the CFTC,” the CFTC stated in an announcement.

It stated merchants’ commitments produced by CFTC employees can be delayed till all trades had been reported. “A report will likely be revealed after info is obtained and validated from these organizations,” the CFTC stated.

CFTC experiences present a snapshot of investor positions on numerous belongings.

The fee additionally stated that some reporting companies affected by the ION assault would not have adequate info at the moment to completely put together every day giant dealer experiences.

“Every affected reporting agency ought to use finest estimates in making ready these experiences, working with Fee employees, to make sure well timed compliance,” the CFTC stated, including that companies ought to file revised experiences as soon as the programs are in place.

(Reporting by Eric Seaside; Enhancing by Caitlin Weber and Chris Reese)

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