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European Multilateral Clearing Facility (EMCF) once again reached a new milestone as the number of trades cleared surpassed 5 million in a single day for the first time on Friday, 6 February, 2010. The new record is 20% higher than the previous high of 4 million reached on 22 January 2010.
“We are delighted to be able to demonstrate that we have robust systems in place to service the rapidly growing marketplace and look forward to hitting new records as the MTF markets across Europe and the Nordic markets continue to gain momentum,” said Jan Booij, Chief Executive of EMCF.
The strategy of offering low-cost, pan-European services 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. 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.
