Posted on 02/13/2021 5:08:46 AM PST by Cronos
English capital pushed from perch, with average daily trading halving from €17.5bn to €8.6bn last month
Amsterdam has overtaken London as Europe’s largest share trading centre, and experts say the symbolic blow could be followed by the City losing jobs as well as more business owing to Brexit.
The Dutch capital, which was previously the sixth largest exchange centre in Europe, saw average daily trading surge from €2.6bn (£2.3bn) to €9.2bn in January as exchanges shifted order books abroad after Brexit.
It pushed London into second place, with average daily trading halving from €17.5bn to €8.6bn last month, according to data released by the CBOE exchange.
(Excerpt) Read more at theguardian.com ...
I was offered crack and a Thai whore in Amsterdam in 1997.
It You go today they may add in a share or two
“My future’s so bright, I gotta wear my shades.”
From Wikipedia t’s hard to track down the mergers and divestitures, but isn’t the Amsterdam Stock exchange actually owned by Euronext, which operates out of Paris (although the registered office is in Holland, much as many American companies are registered in Delaware, but are headquartered elsewhere)? If so, Euronext was spun off from the New York Stock Exchange when the NYSE was bought by ICE.
It also looks like EuroNext has either bought or is buying the Italian Stock Exchange from the London Stock Exchange.
I see the Grauniad is drooling in anticipation of blaming BREXIT for this, when other forces could be in play for this change, if these numbers are even legitimate.
It does, but it’s not just Brexit. The UK was intent on making London completely inhospitable for banks long before Brexit. It was untenable to keep your European HQ there. Credit Suisse moved its trading to Dublin before anyone even dreamed that Brexit would pass.
When you can buy stocks on line, why does the exchange location matter?
This is a self-fulfilling prophecy, if that much. The Guardian leftists were always going to find a way to make Brexit the root of all evil. That rag gives our leftist rags a standard to achieve, and that’s saying something. They’ve been practicing cancel-culture for yonks, all of Britain has. We’re on a greased slide-increasing speed, admittedly-they “passed go” a long time ago.
Exactly-for just one thing-how do London and Amsterdam compare in rigidity of coronavirus strictures?
Good question and I don’t know. Boris Johnson is as bad as any leftist with his shutdowns.
Yes he is. So much for freedom through Brexit.
Come here to Los Angeles you can get at half the price.
Financial institutions are physically close to the NYSE due to HFT.
The current speeds involved are insane, and physical location matters.
There’s a reason the brightest CompSci, Physicists, and Mathematicians are on Wall Street.
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