Euro swaps trading in London slumps after Brexit
- Country:
- United Kingdom
Trading in euro-denominated swaps has fallen sharply in London since Brexit, with volumes moving to New York, Amsterdam and Paris, financial data company IHS Markit said on Thursday. EU platforms accounted for a quarter of the euro swaps market in January, up from just 10% in July last year, IHS Markit said.
Over the same period, trading in London fell from just under 40% to just over 10%, while trading on U.S. platforms doubled to 20% of the total euro swaps market, it added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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