Amsterdam steals London's mantle for trading

Here at Narrowboat Media, the goal is to cover Australian venture, shares and property. Ever now and then though, there is an international news story which piques my interest

Here’s a quick history of what is happening in UK’s once-lucrative trading market

• Feb’21: Amsterdam was named a bigger trading market than London

• May’21: London suffered a loss of £2.3 trillion of trading flows in a single month in its lucrative derivatives trading market. Wall Street trading platforms picked up most of this benefit.

• Jul’21: CBOE, one of the biggest clearing houses in Europe, announced it will launch Europe's newest derivatives market on 6 Sep’21 in Amsterdam, taking on entrenched rivals like Deutsche Boerse and Euronext (and of course taking more flow from London)

In short – it is not a good time to be in a clearing house in London. Fortunately, London still has a lot of the ‘brains’ (funds/banks/brokers) that do the trading. Notwithstanding that… losing the trading flow is a big loss for the city.