Although Hurricane Irene may have wreaked havoc on millions of households across the East Coast, the storm had little impact on core post-trade clearing and settlement activities.
Market infrastructures and large service providers braced for the worst and from all accounts it appears that the only major impact was a lower headcount at some offices. Some employees opted to stay at homes damaged by the hurricane or could not reach their offices due to either mass transit outages or mandatory evacuations in their areas.
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