In London, a Europe-heavy stock exchange is facing down Brexit

Oct 08, 2020 - Fortune

The approach of Brexit has London confronting the loss of its role as Europe’s undisputed stock-trading hub and, with it, billions of euros in daily trading.

More than half the volume in London is in shares of European Union companies, and that’s at risk of migrating to the EU without a breakthrough in negotiations, according to data kept by Cboe Global Markets Inc. The City’s loss of face notwithstanding, the biggest losers would be investors because the more splintered trading will...