Clearing House: CHIPS Liquidity Algorithm Saves Financial Industry Billions
April 03, 2024
April 03, 2024
NEW YORK, April 3 -- The Clearing House issued the following news release:
Participants on CHIPS(R), the largest private sector high-value clearing and settlement system in the world, receive significant economic benefits due to its patented liquidity savings algorithm. In 2023 this algorithm generated an economic value for CHIPS participants and the financial system of $4.99 billion, or $13.8 million per day, estimates The Clearing House, the operator of CHIPS and the leading innov . . .
Participants on CHIPS(R), the largest private sector high-value clearing and settlement system in the world, receive significant economic benefits due to its patented liquidity savings algorithm. In 2023 this algorithm generated an economic value for CHIPS participants and the financial system of $4.99 billion, or $13.8 million per day, estimates The Clearing House, the operator of CHIPS and the leading innov . . .