COVID-19 Strategy: Update UK Morning March 9th

COVID-19 Strategy: Update UK Morning March 9th

COVID-19 Strategy: Update UK Morning March 9th

In light of the rapidly evolving situation and exceptional market volatility overnight we have taken the following additional steps to safeguard the stability and availability of the Options’ platform:

– Brought in a global engineering change freeze for all non-critical or high risk changes until further notice;

– We are running an internal P1 conference bridge including all key executives which will remain open until further notice;

– We have run an additional set of US infrastructure pre-market checks – all clean;

– We will re-run the checks as usual at 10am UK, given US clock changes this weekend.

Thus far any infrastructure disruption has been minimal so these measures are precautionary to ensure we are on a strong footing as the day and week progresses.

With many key futures markets stopped after hitting limit down overnight there is high potential for further exceptional market volatility when the US cash markets open this morning.

– Danny Moore, President & CEO

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