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Amsterdam gains another post-Brexit trading venue with Tradeweb

Tradeweb, owned by Thomson Reuters and 11 of the biggest investment banks, has submitted an application to the Dutch regulator to establish a fully regulated entity within the EU saying they can no longer wait in hope of a transitional Brexit deal.

Tradeweb has become one of the world’s largest electronic venues for over-the-counter markets, with around half its European business coming from outside Britain. Although it will remain in London, where it employs around 180 people, it is also creating a separate business for the EU. Amsterdam scored highest in its requirements of an EU base, Mr Bruni said, pointing to a regulator that understood trading businesses, a stable legal structure, transport links and its position at the centre of the continent.

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capital markets, uk, brexit