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  • Amsterdam has displaced London as Europe's biggest share trading center after Britain left the European Union single market about Really Yeah, yes, that's according to data released by the CBO exchange, which operates in both cities.

  • Take a look.

  • At January 2021 stock exchanges in the Dutch capital traded $11.15 billion a day, compared to London's $10.4 billion on the U securities watchdog.

  • S Emma said the shift of share trading from London to the European bloc is permanent.

  • So how come away the shares, swaps and smacks are heading for the Dutch capital rather than Paris or Frankfurt?

  • Reuters Capital Markets correspondent Aban on Romney Ryan Well, first of all, the soft factors, English is spoken widely in Amsterdam.

  • Ah, lot of the documentation can be done in Amsterdam on bond, and also, I mean, there are also sort of cultural factors.

  • Amsterdam Waas.

  • A trading powerhouse Back in the day on Maybe they have the right sort of culture for this for this kind of thing on.

  • Finally, you have corporate government standards in Amsterdam, which generally considered quite flexible, So it's quite easy for the company to list in Amsterdam on meet the requirements off the regulators in in the Netherlands.

  • We've already had one major international I P O in Amsterdam on the pipeline suggests that there are gonna be several more that are going to Amsterdam, whereas in the past they may have come demanded.

  • While it certainly looks promising for the Dutch capital, home to the world's oldest stock exchange, not all businesses are sold on going Dutch.

  • Many investment banks with their large staffs have looked elsewhere on the continent, deterred in part by Dutch laws that limit banker bonuses.

  • Some senior bankers also don't believe the recent shift in share and derivatives trading threatens London on there hasn't exactly bean a post Brexit jobs boom in the Netherlands either.

  • Only 1000 new jobs have been created in Amsterdam since Brexit that we sound like a lot.

  • But when you look at sort of half a million people are employed in financial services in London.

  • It's quite a small fraction off off the total number of jobs that could move there.

  • We will have to see how it plays out over several years on.

  • We also can't write London off just yet.

  • We don't know in the long term what the terms of agreement are.

  • We know what the terms are now between u K and U, but that could change in London, could actually clawed back some business, and it could sort of remain a financial hub in Europe.

  • Some financial experts say it's far too soon to draw any conclusions, partly because the early data on the impact of Brexit is mainly trading based, which, given that Brexit has so far hit trading the hardest, may have flattered Amsterdam's success.

Amsterdam has displaced London as Europe's biggest share trading center after Britain left the European Union single market about Really Yeah, yes, that's according to data released by the CBO exchange, which operates in both cities.

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Is Amsterdam luring all the post-Brexit business?

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    林宜悉 posted on 2021/02/22
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