Increased volatility, extreme market events, the use of algos that can run out of control and ‘flash crashes’ can cause considerable losses to market participants and their underlying clients.
If not managed correctly, they can quickly join the ranks of the distressed.
When a client is under stress, it is not a given that the counterparties will have access to this information in real time and the more that clients diversify their credit providers, the more complex the situation becomes.
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