Bclear tops 100 million contracts

Euronext.Liffe's Bclear wholesale equity derivatives clearing service registered its 100 millionth contract last week.

Euronext.Liffe, based in London, launched the web-based service in 2005, intending to attract customers who had left the exchanges because of high costs and lack of anonymity. As LCH.Clearnet acts as a central counterparty, there is no need to reveal counterparty names for credit checking.

BClear recorded its 50 millionth trade in December last year. The service features index and single stock futures and options from Europe and the US, and has more than 70 members, Euronext said.