Video: Amsterdam ousts London as Europe's top stocks hubAmsterdam overtook London to become Europe's biggest share trading centre in January, as Brexit forced EU investors to use platforms inside the bloc.
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Amsterdam overtook London to become Europe's biggest share trading centre in January. The city has benefited from Brexit forcing EU investors to use platforms inside the bloc.
Exchanges in the Dutch capital traded over $11 billion a day in January, just ahead of London's $10.4 billion. That's according to figures from Cboe Europe exchange, which operates in both cities. It compares with an average of over $20 billion dollars traded daily in London during 2020.
The rise of Amsterdam was well flagged ahead of Britain's departure from the EU. Share platforms began preparations for opening hubs in the Dutch capital in 2016. The EU had been clear it wanted euro-denominated financial activity shifted from London to build up its own capital market and have direct supervision.
Some derivatives trading has also moved from London to Amsterdam. And trading in EU carbon emissions will move to the Dutch city later this year.