LONDON, Feb 2 (Reuters) - There have been no reports of
margin problems in financial markets connected to the issues
affecting trading services company ION, the Futures Industry
Association (FIA) said on Thursday.
ION was hit with a ransomware attack on Tuesday. The FIA
said the issue had affected the trading and clearing of
exchange-traded financial derivatives.
The FIA said in a statement on Thursday that affected firms
were using legacy systems and manual processing while ION's
systems were out of operation.
"There are no reports of margin issues or problems with
physical deliveries and contract expiries," the organisation
said.
"We understand that ION is working with its clients to
clarify timelines for remediation plans."
Earlier in the day, ION declined to comment but said it
would issue a statement later on.
(Reporting by Harry Robertson; Editing by Amanda Cooper)
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