Brexit fear drives futures trades out of London

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

As fears of a hard Brexit have grown, UK financial firms have transferred thousands of client futures positions to EU27 affiliates, assisted by a shortcut launched by the Futures Industry Association in September.

The first transitions happened in November and around 14,000 contracts supporting listed derivatives business – so-called give-up-agreements – have now been switched to affiliates using the transfer protocol developed by FIA Tech, a subsidiary of the futures trade body.

“We’ve seen

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You already have an account with us*. Sign in below to continue.