Deutsche Börse seeks to capitalise on fears over London’s post-Brexit position by launching profit-sharing scheme London’s dominance of the €1tn-a-day (£890bn) euro clearing market is facing a new threat after the Frankfurt stock exchange announced a way designed to lure the lucrative commerce from the City as a result of the Brexit vote.
Clearing is at the heart of the financial system and has become a key issue since the referendum as the majority of transactions denominated in euros are handled through London. Continue reading...
Source: theguardian.com