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Old 03-20-2020, 10:51 PM
leahcim is offline
Join Date: Dec 2010
Location: Boulder, CO
Posts: 3,763
Originally Posted by Melbourne View Post
A clearing firm is part of the infrastructure of the stock market. An infrastructure failure would be bad, like the GFC, but the failure of one company is just the failure of one company.
Here is a list of all of the CME clearing firms.

Also notice that this wasn't in the news until after everything was settled, which happened very quickly. What happened is not supposed to happen, but a standard procedure is invoked when it happens. The futures market is quite good at risk management that way.