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EU share trading flees London on first day after full Brexit

London's financial sector started to feel the full effects of Brexit on the first trading day of 2021 as EU share trading shifted away from the City to facilities in European capitals.

Trading in equities such as Santander, Deutsche Bank and Total moved back to primary exchanges such as the Madrid, Frankfurt and Paris stock exchanges, according to early data from Refinitiv -- an abrupt change for investors in London, who have grown accustomed to trading shares in Europe across borders without restrictions. Hubs for euro-denominated share trading in London, including Cboe Europe, Turquoise and Aquis Exchange, all rapidly shifted business to their new EU marketplaces set up late last year to cater for the end of the Brexit transition.



She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Jan 5th, 2021 at 03:47:36 PM EST
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Brexit: Exiting from Britain.
by Bernard on Tue Jan 5th, 2021 at 05:27:38 PM EST
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And the rest of the world starts a boycott.
A growing number of retailers in the EU have decided they won't deliver to Britain because of the new costs involved in sending packages after Brexit. Companies have said they are unwilling to register for VAT in the UK, with one Dutch firm calling the red tape "ludicrous".
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Jan 5th, 2021 at 05:42:08 PM EST
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Diane Dodds demands action as deliveries from GB to NI suffer | Irish Times |

by Oui on Tue Jan 5th, 2021 at 07:36:18 PM EST
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And
And Marks & Spencer said new trading rules in place since Britain left the EU were delaying deliveries of food to its stores in France - where branches had empty shelves on Tuesday.
So the French will have to drink Perrier instead of Scottish Mountain Water. Tough.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Jan 5th, 2021 at 07:52:17 PM EST
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