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News in brief: EDX perks up, Meff sags


June brings cheer to EDX London... June was a good month for the London Stock Exchange’s derivatives markets, EDX London and the Italian Derivatives Exchange Market.The group said 9.59m contracts were traded across the two platforms in June, up 24% on June last year. The average daily notional value traded was up 2% at £3.8bn (€4.6bn), while the average daily number of contracts traded rose by 16% to 444,031.Idem is now the larger market, with 4.93m contracts traded. That was a much quieter month than its record-breaking May, when 9.06m bargains were made, mostly stock futures.EDX’s volumes have been hit hard since December by the end of its cooperation agreement with Nasdaq OMX, which has led to the loss of nearly all Nordic derivatives business to Nasdaq OMX. But even EDX perked up in June, with 4.66m trades, as equity options grew from 2.37m in May...

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