The London Stock Exchange has set a start date for its tie-up with the clearer EuroCCP, after overcoming hurdles to the long-awaited development - which is expected to help reduce investors' trading costs in Europe.

The LSE told its members on October 2 that LCH.Clearnet, its main clearer, would become interoperable with Europe's largest clearing house EuroCCP from October 26. The move will offer investors greater choice over the clearing of their UK equity trades.