|[Published: Tuesday January 12 2021]
London traders see post-Brexit 'market fragmentation'
LONDON, 12 Jan. - (ANA) - The City of London bankers are losing hope in normal rights to trade in euro-registered shares in the wake of Brexit.
"This is the beginning of market fragmentation," Conor Lawlor, director for Brexit at UK Finance, a bankers' group, told a British parliament hearing Tuesday, after €6 billion of trades shifted from London to Amsterdam and Paris in one day last Monday.
The EU had no incentive to open up, he added. - (ANA) -
AB/ANA/12 January 2021 - - -