Source: EMCF
European Multilateral Clearing Facility (EMCF) reached a new milestone as the number of trades cleared surpassed 4 million in a single day for the first time on Friday, 22 January 2010.
The strategy to offer low-cost, pan-European services appeals to clients as it has generated steady volume growth on the platforms serviced by EMCF. Chi-X Europe, BATS Europe, Nasdaq OMX Nordic Exchanges, Nasdaq OMX Europe, Burgundy and Quote MTF, all of which are served by EMCF, benefit from the strong offering of EMCF and the connectivity to multiple markets.
EMCF became the largest CCP for on-exchange European cash equities in Q4 2009, taking over the first spot from the LCH.Clearnet Group. EMCF clearing volumes reached 2.5m trade sides on a European total of 7.1m per day on average in Q4 2009, according to statistics collected by FESE.