3 ms·

This is meaningless, the algos and traders are still in London & NY, just the server is in Amsterdam.

• hermitcrab 6y ago
  For how long are the traders going to be in London though?
  • u678u 6y ago
    Why would they move? Sure things are getting less centralized just like big financials are slowly moving from NY, but the heart of the city has no reason to move.
    • abbadadda 6y ago
      Firms move. Then people move. Check out MiFID2 (https://www.investopedia.com/terms/m/mifid-ii.asp https://www.investopedia.com/terms/m/mifid-ii.asp). Firms used to be able to satisfy ~~German~~ EU regulations to trade on Eurex, German futures exchange, with HQs in London. Not so after Brexit leaves the UK no longer in the EU.
      • u678u 6y ago
        Yes mifid was implemented 3 years ago. How many firms moved because of it? zero.
        • abbadadda 6y ago
          I opened an office in London for a trading firm... So at least one?
• blibble 6y ago
  the servers haven't moved here either, they're all still in the UK they're now simply operated by a different legal entity
• cameronh90 6y ago
  Not even that. I believe the servers for the Amsterdam stock exchange are in Basildon.
  • u678u 6y ago
    Lol that doesn't surprised me, classic.
• ashtonkem 6y ago
  Not meaningless from the perspective of tax receipts, right?