EDX London, the equity derivatives arm of the London Stock Exchange, has profited from investors’ turn towards central counterparty clearing, reaching record monthly volumes for its Russian futures and options.

EDX offers contracts on Nordic, Russian and some other overseas equities, including single stock futures and options as well as index contracts.

The futures and options based on Russian, Kazakh and other foreign shares listed on the LSE’s International Order Book have been growing steadily, with a record of 2.6m contracts traded in March, the exchange announced last week. They made up 45% of EDX’s volume, with Nordic derivatives comprising the remainder.

The total notional value of the IOB trades was $2.5bn. Open interest at the end of the month topped 8.5m contracts for the first time since the launch of EDX’s IOB derivatives service in December 2006.

The IOB service was designed to...