Brexit forces equity, forex markets to leave London


The CME bitcoin front-month futures opened at $20,650 and have so far traded as low as $19,290 and as high as $20,650 in a session that extends into Monday. The new contract was recently at $19,290 on CME, below the $19,500 reference price set by the exchange for the January contract.

LONDON: Two key markets are moving out of the UK as Brexit forces finance firms to put more of the region’s trading infrastructure on the continent.

CME Group Inc will move its foreign-exchange forwards and swaps venue, which has trading volumes of about US$15bil a day, from London to Amsterdam, while Cboe Global Markets Inc will shift most European equities trading to its market in the Dutch capital after Brexit.

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Business , London , Brexit , CME , move ,

   

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