Study: London FX Trading Hub to Suffer in the Unlikely Case of a Brexit
Posted: Wed Apr 06, 2016 10:36 am
A survey on the prospective effects on London’s position as the world’s main currency trading center found that the status of London as a key electronic trading hub is likely to be materially affected in the event of the UK leaving the European Union. That said, an overwhelming majority of the respondents, 80 per cent, said that a Brexit is unlikely.
A Brexit from the European Union could fragment the space, with other financial centers across the continent likely benefiting from the event. Frankfurt, Paris, New York and Dublin are the most likely to reap the benefits of the change.
About two-thirds of ... (read more)