The London Stock Exchange Group’s Turquoise trading platform will give customers the choice of where their trades are cleared.

Turquoise, the multilateral trading facility operated by the London Stock Exchange, has announced that its customers will have the choice between four different clearinghouses to clear their trades. The service will be available to customers in November, pending regulatory approval.

“Interoperable clearing on Turquoise is great news for our customers, and a positive step forward for European market infrastructure as a whole,” said Adrian Farnham, chief executive officer of Turquoise. “It will give customers choice and drive competition in clearing. This will in turn encourage further efficiency and innovation in the post trade space.”

Under the new initiative, customers will be free to choose from Cassa di Compensazione e Garanzia, LCH.Clearnet, SIX x-clear, or its existing clearer, EuroCCP. It will also look to add additional clearinghouses to the stable in the future.

Turquoise joins a host of other MTFs that have also begun to offer multiple clearing choices for customers. Regulators have recently approved for Bats Europe, Chi-X Europe, as well as USB MTF to give access to multiple clearing venues, also known as interoperability.

The move by the MTF operators to offer multiple clearing choices comes as the NYSE Euronext-Deutsche Borse merger undergoes regulatory scrutiny. One of the stipulations of the deal is the creation of a “vertical silo,” giving users just one choice for clearing trades.

The London Stock Exchange currently offers clearing interoperability with LCH.Clearnet and x-clear. Earlier in the month it announced that it had entered into talks to acquire the independent London-based LCH.Clearnet.

Turquoise is the third largest dark pool operator in Europe, according to data compiled by Bats Global Markets. It was acquired by the LSE in late 2009.