European Multilateral Clearing Facility's number of cleared trades surpassed 2.6 million for the first time on Wednesday, October 21. EMCF expects to clear an average of more than 2 million transactions per day in the month of October. In 2008, EMCF cleared on average 600,000 transactions per day.

The increase in volume is put down to two factors - firstly the increasing popularity of new trading venues such as Chi-X Europe, BATS Europe, Nasdaq OMX Europe, Quote and Burgundy - all of which are served by EMCF; secondly the launch in October of full mandatory central counterparty clearing services for the Nasdaq OMX Nordic exchanges.