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Amsterdam becomes the European capital of stocks

2021-06-11T07:10:35.096Z


DECRYPTION - Brexit has redistributed the cards in Europe. Whole sections of London's finance have migrated to the Netherlands, which is emerging as the big winners.


Since the entry into force of Brexit, the counters panic at the Amsterdam Stock Exchange.

It is the revenge of the oldest stock exchange in the world.

Founded in 1602, Amsterdam's financial center became, overnight, the number one in Europe.

It happened overnight, at the opening of trade in early January, the day after the United Kingdom's final exit from the European Union.

Read also:

Fog over the City after Brexit

Brexit negotiations failed to reach an agreement on financial activities.

Since January 1, the European Securities and Markets Authority (Esma) requires that trading operations on European equities take place within the Union.

As a result, stock market transactions denominated in euros were siphoned off from London to go to the continent, to Paris and, above all, to Amsterdam.

At the top of the podium

Fourth in Europe a few days earlier, it climbed to the top of the podium, scooping nearly 9.2 billion euros in daily trading in equities.

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Source: lefigaro

All business articles on 2021-06-11

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