3 ms·

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?