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Yup no ADLs--backstop + insurance fund was enough. Overall risk framework worked here (though some BLPs/MMs may have gotten toxic positions). The big problem was server overload. We had to throttle, hoping to take that off tonight.

1:57 PM · Mar 12, 2020Twitter Web App

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Yeah might be--we were hoping to never need it, and we'll patch up tonight so this won't cause a repeat but it probably does make sense to have it specified as a backup.

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It's BLPs all the way down :P If they're all out of capacity, _then_ you could get ADLs. But the capacity is _big_.

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