Capital: London is to lose its prominence as EU states move trading to other centres. Photo: Krisztian MiklosyBREXIT will mean Europe will see its biggest transfer of share trading in more than two decades when stock exchanges open for business in 2021. “This is a big bang event and that is one of the things that the market hasn’t truly understood yet,” Alasdair Haynes, chief executive of London-based share trading platform Aquis Exchange, told Reuters. “It’s the biggest single share trading shift in the last two decades at least,” Mr Howson said. Goldman Sachs expects half the daily trading in shares on its Sigma-X Europe trading platform to shift over time to its new Paris hub from London.

Source: Irish Independent December 30, 2020 02:05 UTC