The European Multilateral Clearing Facility (EMCF) claims that their new clearing fees are the lowest clearing price available in Europe. Participants clearing more than 2 million trades per day will be charged €0.001 per trade for all of their business. The new fee equates to a lower rate than the clearing and netting fee for the same amount of business in the US and anywhere else in the world, according to the cash equity CCP. This upgrade will be effective as of 01 March 2012 

European Multilateral Clearing Facility NV (EMCF) has cleared its one billionth equity transaction since January 2011, a new record among European Equity CCPs. The gross value of these executions is in excess of €5.4 trillion.

Stepping into a brand new role at European Multilateral Clearing Facility NV (EMCF), Hugh Brown will represent the company in London in his position as Director of UK Markets. EMCF believes that Brown's experience on both the exchange and CCP side will be an asset to the company during this "critical time for the European financial sector".