{"id":52151,"date":"2021-02-12T06:37:49","date_gmt":"2021-02-12T10:37:49","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=52151"},"modified":"2021-02-12T06:37:49","modified_gmt":"2021-02-12T10:37:49","slug":"londons-loses-big-time-amsterdam-booms-after-brexit","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=52151","title":{"rendered":"Londons Loses Big Time, Amsterdam Booms After Brexit"},"content":{"rendered":"

“It’s Symbolic” – Amsterdam Overtakes London As EU’s Biggest Stock Trading Center<\/h1>\n

ZeroHedge.com<\/p>\n

“It’s symbolic.”<\/em><\/strong><\/p>\n

That’s how Anish Puaar, a market structure analyst at Rosenblatt Securities in London, describes the fact that\u00a0London just lost its status as the home of EU share trading<\/strong><\/em>.<\/p>\n

\"\"<\/picture><\/a><\/p>\n

<\/div>\n

As The Financial Times reports<\/em><\/a>, as Amsterdam surpassed London as Europe\u2019s largest share trading center last month as the\u00a0Holland scooped up business lost by the UK since Brexit<\/strong>.<\/p>\n

An average \u20ac9.2bn shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE Europe and Turquoise in January,\u00a0a more than fourfold increase from December, as volumes in London fell sharply.<\/strong><\/p>\n

\"\"<\/picture><\/a><\/p>\n

The shift was\u00a0prompted by a ban on EU-based financial institutions trading in London<\/strong>\u00a0because Brussels has not recognised UK exchanges and trading venues as having the same supervisory status as its own.<\/p>\n

However, while the shift is dramatic Puaar notes that, London “has a chance to carve out its own niche on trading.”<\/p>\n

\u201cFund managers will be more concerned with availability of liquidity and the costs of placing a trade, rather\u00a0than whether an order is executed in London or Amsterdam,\u201d<\/strong><\/em><\/p><\/blockquote>\n

<\/div>\n

Still, the large move in share trading to Amsterdam makes the city one of the early winners from Brexit.<\/p>\n

___
\nhttps:\/\/www.zerohedge.com\/markets\/its-symbolic-amsterdam-overtakes-london-eus-biggest-stock-trading-center<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“It’s Symbolic” – Amsterdam Overtakes London As EU’s Biggest Stock Trading Center<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52151","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/52151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52151"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/52151\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}