LCH.Clearnet has made its second move in as many weeks to push for plans that would allow Europe's clearing houses to compete with each other, a decision that is likely to benefit the Anglo-French firm from increased business.

The Anglo-French clearing house yesterday disclosed details of an agreement it has with Swiss rival Six x-clear, which it signed 18 months ago. The deal, signed in December 2008, allows traders buying shares on the London Stock Exchange or the Six Swiss Exchange to choose either LCH.Clearnet or Six x-clear to clear their deals.