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.
https://www.ft.com/content/07cf5c7c-7817-11e7-a3e8-60495fe6ca71