Brexit deal talk ‘too late’ for departing brokers

Contingency plans are past point of no return, say venues

Brokers and traders based in the UK have already begun to activate contingency plans for a no-deal Brexit, and claim not even a last-minute agreement between UK and EU politicians will be enough to reverse those plans.

“At a political level there is no certainty. It reaches a point where you can’t wait any longer,” says Nick Jackson, compliance officer and general counsel at Griffin Markets, a UK-based energy trading platform.

“Even if we have clarity later in the year, by that stage we will