Trax, Xtrakter’s trade matching and regulatory reporting system, processed 578 million transactions in 2009, reflecting a 105 per cent increase on 2008 figures.

Xtrakter currently processes on average 2.5 million transactions daily on behalf of its user community.

“Trax plays a vital role in reducing risk exposure, facilitating trade matching and settlement and ensuring its many subscribers fulfil their regulatory obligations. This significant increase in transaction volume highlights the value the Trax community receives from the service, its continuing importance as a matching, reporting and settlement facilitator for the capital markets as a whole,” says Yannic Weber, chief executive officer, Xtrakter.

Of the transactions processed by Trax during the period, 437 million were in the equities category, 106 million derivatives, 13 million bonds, eight million indices and 757,000 future and options.

During 2009 Trax processed 820,000 repo transactions, including 499,000 for buy-sell back, 227,000 for term and 93,000 for open.