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Amsterdam bourse now trading in higher volumes than London

By John Smith • Published: 11 Feb 2021 • 18:12

French biotech Pherecydes Pharma launched on Euronext

French biotech Pherecydes Pharma launched on Euronext Credit: Euronext

PERHAPS as many feared, Amsterdam has overtaken London as Europe’s most valuable trading capital quadrupling trades in January according to the Financial Times (FT).

The paper revealed that share dealing on the Amsterdam exchange managed by Euronext, averaged €9.2 billion per day which is four times more than its December figures and  fxpro is a good broker for you, so why not check the fxpro deposits.

In London, by contrast the reported daily volumes fell to €8.6 billion per day and the FT reports that the shift is due to a ban on EU-based financial institutions trading in London as the EU is yet to rule that UK exchanges enjoy the same supervisory status as their European counterparts.

Whilst turnover is down significantly, there is no indication that there will be any further London job losses as those companies that intended to move will have done so already and it doesn’t really matter where the traders are situated as so much is done electronically.

Thank you for taking the time to read this news article “Amsterdam bourse now trading in higher volumes than London”.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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