And the winner is?

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ellal

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From the Torygraph...

"Amsterdam has overtaken London as Europe's largest share trading hub after the Dutch capital won business lost by the UK since the beginning of the year. Shares worth an average of €9.2bn (£8.1bn) a day were traded on Euronext Amsterdam and other Dutch exchanges in January, compared to just over €2bn a day in December."

Do Brexiteers think this business will ever come back? :rolleyes:
 
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It’s only a temporary blip and anyway, the London figures do not include the Swiss share dealing.
 
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What's all this fuss about the financial markets.
Has everyone forgotten about the fantastic, world-beating fisheries deal that UK managed to clinch?
 
ellal said:
From the Torygraph...

"Amsterdam has overtaken London as Europe's largest share trading hub after the Dutch capital won business lost by the UK since the beginning of the year. Shares worth an average of €9.2bn (£8.1bn) a day were traded on Euronext Amsterdam and other Dutch exchanges in January, compared to just over €2bn a day in December."

Do Brexiteers think this business will ever come back? :rolleyes:
Click to expand...

Yes.

Post-Brexit rebound: London muscles out Amsterdam to reclaim trading top spot - CityAM : CityAM

The City reclaimed its place at the top of Europe’s largest share trading centre rankings last month for the first time since Brexit, muscling out Amsterdam from top spot.

£7.6bn (€8.9bn) of shares a day were traded on average at London venues in June, compared to £7.6bn (€8.8bn) for various Dutch venues, new data published by Cboe Europe revealed today.

The robust trading figures are a symbolic shift of power from Amsterdam to London and show the capital has defied concerns that it could recede from being a major player on the global stage after the end of the Brexit transition period.

London’s rise back to the top spot comes despite the EU blocking investors from trading shares in several companies listed in the capital.

Brussels has still not recognised rules governing UK financial markets as equivalent to its own even though Britain formerly left the EU over six months ago. This impasse has locked European investors out of trading in certain stocks listed in the capital.

The friction in trading caused by the lack of an equivalence agreement has partly driven several financial services firms to relocate from the City to mainland Europe in an effort to avoid disruption to their usual trading processes.

However, analysts have highlighted that the lack of a post-Brexit financial services deal could give the UK greater freedom to follow a path of its own over how it governs its financial services industry.

This freedom may enable London to think “more pragmatically about their future and what they can do to support their trading ecosystems that they couldn’t before” said Sylvain Thieullent, CEO of Horizon, a provider of electronic trading systems.

The new figures come as Chancellor Rishi Sunak laid out plans to boost the competitiveness of the UK’s financial services industry yesterday.

“We’re consulting on reforms to the regulation of wholesale capital markets” Sunak told a conference at Mansion House.

The Chancellor highlighted that Brexit presents an opportunity for the UK to craft policy that is more tailored to the specific nuances of Britain’s financial markets.

Sunak said the government is considering new measures intended to “boost our competitiveness across both regulation and tax.”

Paris was the third largest venue, seeing average daily trading drop from almost 6.1bn euros in May to 5.8bn euros in June.
 
Although share trading is only a tiny part of market activity, a host of commentators including care-home working, international person of mystery and chief bad news bear @ellal from diynot.com had declared that the City's era of dominance was over because of Brexit when Amsterdam overtook it in January but ellal is the only one who has been strangely quiet on this latest development.

https://www.telegraph.co.uk/business/2021/07/02/london-reclaims-position-europes-top-trading-hub/

"London will soon regain the status of European and global trading hub and it could easily benefit from being away from the restrictive EU rules.”
 
Last edited:
Lally gets it wrong again. More project fear exposed. I bet she's pleased she stayed now.
 
mitch66 said:
Lally gets it wrong again. More project fear exposed. I bet she's pleased she stayed now.
Click to expand...
Elall didn't get anything wrong. You've interpreted a question as an incorrect statement. You need to brush up on your comprehension.
Elall presented an article from the Telegraph, and asked a question.
ellal said:
From the Torygraph...
"Amsterdam has overtaken London as Europe's largest share trading hub after the Dutch capital won business lost by the UK since the beginning of the year. Shares worth an average of €9.2bn (£8.1bn) a day were traded on Euronext Amsterdam and other Dutch exchanges in January, compared to just over €2bn a day in December."
Do Brexiteers think this business will ever come back? :rolleyes:
Click to expand...
 
Dare say as we are out the EU a lot of dodgy companies involved in dodgy financial practices ( fiddles )

have relocated to Paris ? Were they have lower standards ;):idea:

and one can always give out an envelope to circumnavigate any rules :ROFLMAO:
 
transam said:
Dare say as we are out the EU a lot of dodgy companies involved in dodgy financial practices ( fiddles )

have relocated to Paris ? Were they have lower standards ;):idea:

and one can always give out an envelope to circumnavigate any rules :ROFLMAO:
Click to expand...
Transam is doing what he only knows what to do, promote his extreme racist agenda.
No doubt some gullible posters will be radicalised by his extreme views and mimic his behaviour.
 
Scarlet Pimpernel said:
Elall presented an article from the Telegraph, and asked a question.
Click to expand...
Which I answered
Mottie said:
Yep.
Click to expand...
This was then questioned
ellal said:
And your evidence is?

Or are you still searching for non existent straws to clutch?
Click to expand...

Which I answered
Mottie said:
It’s only a temporary blip and anyway, the London figures do not include the Swiss share dealing.
Click to expand...

Confirmation:
"The shift back to the City was helped by the return of Swiss share trading in London…..".
 
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