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Non-stop non-fish stuff

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    Non-stop non-fish stuff

    “ Fresh blow for London as euro derivatives trading floods out

    Share of euro-denominated swaps market tumbles from 40% in December to 10% last month

    Trading in a key euro-denominated derivatives market flooded out of London last month to rival financial centres in New York, Amsterdam and Paris, in the latest evidence of the blow dealt by Brexit to the UK financial centre.

    The trading of euro-denominated swaps in London dropped from nearly 40 per cent of the market last July to 10 per cent in January, according to a survey published by data provider IHS Markit on Thursday.

    The shift in the trading of these derivatives — often used by investors to hedge against moves in interest rates and currencies — is another setback for London, which gave up its status as Europe’s top share trading hub to the Dutch capital after it fully left the EU last month.”

    Subscribe to read | Financial Times

    And that’s before EU makes it Official that such transactions can only be done in EU, but who cares - at least we can now eat as much spider-crab as we want

    #2
    Spider crabs are the new unicorns
    Слава Україні! Героям слава!

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