Europe swap dealers eye London return post-Brexit

Proposed Mifid exemption paves way for BNP Paribas, SocGen and Deutsche to trade swaps on UK venues

European lawmakers may be familiar with Newton’s third law of motion, which states that every action has an equal and opposite reaction. What they perhaps didn’t anticipate was the reaction to their decision to lift the drawbridge on UK derivatives venues post-Brexit.

On one hand, the European Union’s derivatives trading obligation (DTO) had the desired effect of forcing trades initiated by European clients away from UK venues and on to EU ones. On the other, it shut off their dealers from

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here