London has reclaimed its crown as Europe’s largest share trading centre after it was dethroned by Amsterdam in the wake of Brexit.

The UK capital’s share of the European market, where about €40bn of deals are completed a day, has steadily risen in recent months thanks to the resumption of UK trading in Swiss stocks.

Swiss equities were reintroduced in London after the UK’s departure from the EU, in the first significant split from EU policy on financial services.

An average of €8.9bn of share deals changed hands every day on London-based exchanges and trading venues in June, compared to €8.8bn on Dutch venues, according to data from Cboe Global Markets. It was the first time London had been the most active destination since leaving the single market in January.

London’s fightback provides an early boost for the City, as UK chancellor Rishi Sunak prepares a series of changes to London’s share trading rules to make the capital more competitive.

That didn't last long



https://www.ft.com/content/e24110dd-...2-600edae889a7

Those changes Rishi will be proposing has already got the EU's finance ministers' knickers in a twist and made getting "equivalence" even more unlikely.

Those changes Rishi will be proposing has already got the EU's finance ministers' knickers in a twist and made getting "equivalence" even more unlikely.