London ousts Amsterdam as Europe’s top share trading hub

London ousts Amsterdam as Europe’s top share trading hub

Bloomberg

London moved back ahead of Amsterdam as Europe's largest share trading center in June, reclaiming the top spot for the first time this year after Brexit pushed much of the city's volumes to the continent. An average 8.92 billion euros ($10.6 billion) of shares a day were traded on various London venues in June, compared with 8.8 billion euros for various Dutch venues, according to data from Cboe Europe. This compares with about €9.4 billion average daily trading value for Amsterdam in May and around €8.7 billion in London. Paris, the third largest venue, saw its daily trading decline from almost 6.1 billion euros in May to 5.8 billion euros in June. While London's return to the top spot is a welcome boost for a UK finance industry buffeted by Brexit, the city's lead over Amsterdam is a fraction of what it was before end of transition period. In December, London's share trading volumes stood at 14.3 billion euros compared to 2.2 billion euros for Amsterdam, according to Cboe data. Britain lost its rights to access the European Union's single market on December 31 and the bloc has not permitted investors inside its borders to trade shares in companies such