This is a good summary of Brexit's expected impacts on European exchanges. In short: - More fragmentation = less liquidity - $ moves from UK to EU on Jan 4 - Bad for LSE, good for ENX, DB1https://www.reuters.com/article/us-britain-eu-markets-trading/brexit-big-bang-to-trigger-tectonic-trading-rift-in-europe-idUSKBN2930HQ?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link …
Thanks for the link! Will give it a read. It seems like nothing "good" for any exchange is coming out of Brexit, at least at first
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DB1 benefits from the ECB mandating euro denominated swaps are traded in the EU beyond the end of the transition period, but barely moves the needle on earnings. Also, they risk seriously damaging liquidity and incurring the wrath of the Fed if they do so.
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