Friday, 12 Feb 2021 08:30 AM MYT
This compares with an average of €17.5 billion traded daily in London during 2020, when Frankfurt was second with 5.9 billion and Amsterdam sixth at 2.6 billion, Cboe said. The EU has shown no sign of reversing its position that euro-denominated shares must be traded in the EU — whose internal market Britain left on January 1.
Platforms in Amsterdam, and to a much lesser extent Paris, accounted for a quarter of the euro rate swaps market in January, up from just 10 per cent last July, IHS Markit said. Prime Minister Boris Johnson’s spokesman said London had already supplied the necessary paperwork and was “one of the world’s most pre-eminent financial centres, with a strong regulatory system”, adding that fragmenting markets was in no one’s interests.