Clues point to Britain’s 2016 vote as City suffers brutal losing streak.
All the talk was of Frankfurt or Paris luring London's financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.
The role of the London Stock Exchange as a hub for global share trading is changing following the U.K.’s exit from the European Union.
Online betting giant Flutter this week took the first step to switch its main listing from London to New York, in a fresh post-Brexit blow to the City finance district.
Britain’s departure from the European Union has triggered the biggest change in trade since it joined the bloc 48 years ago, with companies grappling with export documents, longer delivery times and the need to re-engineer supply chains.
Pan-European exchange Euronext said on Monday it will clear all trades on its newly acquired Italian platform by 2024, helping the European Union cut its reliance on the London Stock Exchange for core financial activities after Brexit.
The European Union’s securities watchdog suspects a post-Brexit shift in share trading to the bloc from Britain represents a permanent change after Amsterdam displaced London as Europe’s biggest share trading centre last month.
Downing Street has blamed Brussels for the loss of business suffered by the City since Brexit day, which has led to Amsterdam surpassing London as the biggest share trading centre.
If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.
The British economy is beginning to understand what it is to be tipped over the cliff edge. Cries of alarm and distress flares are going up across the length and breadth of the country, and from industries as diverse as fishing and finance and from pigs to paint.
Britain’s exit from the European Union has “cannibalized” London’s listing pool, according to JPMorgan Chase & Co.’s chief executive officer for Europe, the Middle East and Africa. / “Clearly, Brexit has kind of cannibalized the listing pool and a lot of European companies are now listing on European exchanges.”
A week ago the UK fully left the EU. The moment we all campaigned against, warned about and feared the consequences of became reality – and it’s every bit as bad as forecast.
First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’
Economists at Natixis are trying to examine the effects on the UK economy of the June 2016 referendum that triggered Brexit. They look at the different important variables and seek to determine what the overall effect of Brexit has been on the United Kingdom.
Amsterdam surpassed London as Europe’s largest share trading centre last month, as Brexit led London to lose business.
Brexit bites into London’s FX trading as Singapore and New York seize City’s derivatives share
01/11/2022
London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit.
UK stock market valuations have slumped since the 2016 vote to leave the EU.
Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday.
Equity trading on the Amsterdam stock exchange has for the first time overtaken London. The trading volume in the Dutch capital has quadrupled within one month in January as a result of Brexit.
Amsterdam ended 2021 as Europe's top share trading venue, holding its lead over London despite efforts by the British financial centre to make its equity markets more attractive after Brexit.
UK’s departure from the EU prompts shift in dealing of stocks and derivatives.
Amsterdam has displaced London as Europe’s biggest share trading centre after Britain left the European Union’s single market, and picked up a chunk of UK derivatives business along the way, according to data published on Thursday.
It’s almost 100 days since Britain completed its split from the EU -- almost five years after the referendum vote –- and a clearer picture of the consequences of the decision to leave is starting to emerge.
"Europe has clearly won the battle for its own share trading" / 99.6% of trades shifted to the EU overnight [1 min]
04/01/2021
"Europe has clearly won the battle for its own share trading" / Aquis CEO Alasdair Haynes, from London's second-biggest venue for trading European shares, says 99.6% of trades shifted to the EU overnight — "a spectacular own goal" for Britain post-Brexit