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UBS to continue housing equity trading venue in UK after Brexit

Feb 01, 2019 - SNL European Financials Daily

Switzerland-based UBS Group AG will continue to house its equity trading venue in London, "taking the calculated gamble" that there will be a future deal that will allow EU equities to be traded in London following Brexit, Bloomberg News reported, citing UBS executive Richard Semark.

"We may be the only venue to continue offering continental European equity trading in London and we see that as an opportunity," Semark said in an interview.

The move is in contrast to various other lend...