Most European share trading moves out of London after Brexit – Bloomberg

Most trading in European shares at London-based venues shifted away from the U.K. on the first day of trading following the end of the Brexit transition period, Bloomberg News reported.

U.K.-based Aquis Exchange PLC, which operates as a multilateral trading facility in Europe, saw 99.6% of its European share trading move to its Paris venue, CEO Alasdair Haynes told Bloomberg TV Jan. 4.

The exchange's France-based Aquis Exchange Europe unit received approval from French regulators in 2019 to operate a multilateral trading facility in Paris. Aquis was set to allow customers to trade EU-listed stocks in London as well as at its new Paris-based unit after Brexit.

Cboe Europe Ltd. saw 90% of its European share trading move to its Amsterdam venue, and Turquoise, a division of London Stock Exchange Group PLC, saw 92% move to the bloc.

The U.K. left the EU's customs union and single market at 11 p.m. London time on Dec. 31, 2020.