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> Paris has even overtaken London in finance citation please? in terms of financial centres: NYC is first, followed by London (and they swap places every so o

> Paris has even overtaken London in finance citation please? in terms of financial centres: NYC is first, followed by London (and they swap places every so often) down at number 15 or so is Paris

VBprogrammer 4y ago
I believe this is reference to the fact that the French stock exchange is now larger than the London Stock exchange.
- blibble 4y ago
  and of course the LSE is an extremely small part of the financial sector
retrac98 4y ago
https://uk.finance.yahoo.com/news/paris-london-stock-market-largest-europe-120718587.html https://uk.finance.yahoo.com/news/paris-london-stock-market-...
- blibble 4y ago
  quite what the summed market caps of companies traded on a single exchange has to do with the size or competitiveness of the UK financial sector I really don't understand Apple's market cap alone is larger than the entire LSE, and Paris exchange
  - Mikeb85 4y ago
    You do realize the US is a MAJOR outlier, right?
    - kasey_junk 4y ago
      It’s only an outlier because it so handily dominates equities trading. Using the Paris exchange overtaking the London exchange as a barometer for broader overtaking of the finance industry is akin to saying that a person is taking over the F1 title from someone after beating them in a bike race around their house.
      - blibble 4y ago
        it's only one of the London exchanges too!
andyjohnson0 4y ago
> citation please? London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022 https://www.bloomberg.com/news/articles/2022-11-14/london-loses-its-crown-of-biggest-european-stock-market-to-paris?sref=Xl91GI8N https://www.bloomberg.com/news/articles/2022-11-14/london-lo...
- mhh__ 4y ago
  London has never really been an equities place to my knowledge. Ever noticed that the L in LIBOR stands for London? Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities. Aside: French engineering talent is massively underappreciated.
  - chrisbolt 4y ago
    LIBOR, which is being replaced with SOFR?

> Paris has even overtaken London in finance citation please? in terms of financial centres: NYC is first, followed by London (and they swap places every so often) down at number 15 or so is Paris

VBprogrammer 4y ago

I believe this is reference to the fact that the French stock exchange is now larger than the London Stock exchange.

blibble 4y ago
and of course the LSE is an extremely small part of the financial sector

retrac98 4y ago

https://uk.finance.yahoo.com/news/paris-london-stock-market-largest-europe-120718587.html https://uk.finance.yahoo.com/news/paris-london-stock-market-...

blibble 4y ago
quite what the summed market caps of companies traded on a single exchange has to do with the size or competitiveness of the UK financial sector I really don't understand Apple's market cap alone is larger than the entire LSE, and Paris exchange
- Mikeb85 4y ago
  You do realize the US is a MAJOR outlier, right?
  - kasey_junk 4y ago
    It’s only an outlier because it so handily dominates equities trading. Using the Paris exchange overtaking the London exchange as a barometer for broader overtaking of the finance industry is akin to saying that a person is taking over the F1 title from someone after beating them in a bike race around their house.
    - blibble 4y ago
      it's only one of the London exchanges too!

andyjohnson0 4y ago

> citation please? London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022 https://www.bloomberg.com/news/articles/2022-11-14/london-loses-its-crown-of-biggest-european-stock-market-to-paris?sref=Xl91GI8N https://www.bloomberg.com/news/articles/2022-11-14/london-lo...

mhh__ 4y ago
London has never really been an equities place to my knowledge. Ever noticed that the L in LIBOR stands for London? Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities. Aside: French engineering talent is massively underappreciated.
- chrisbolt 4y ago
  LIBOR, which is being replaced with SOFR?