Dutch clearing house EMCF has signalled its determination to work with its rivals to agree a standard that will enable them to compete for each other’s business including that of stellar European venue Chi-X Europe, with which EMCF has an exclusive agreement.

Europe's main clearing houses, such as EMCF, Anglo-French clearer LCH.Clearnet, Swiss firm Six x-clear and the US-owned EuroCCP, are locked in talks to try to answer calls from European regulators to agree a standard approach to "interoperability".