Frankfurt has the banks, and Paris has the culture, but for trading firms looking for a post-Brexit European home, Amsterdam may have the best attraction of all: a friendly regulator.
The Dutch Authority for the Financial Markets already presides over the most important cluster of European proprietary trading firms — the high-speed giants of financial markets — outside the U.K. The Dutch regulator allows such firms to trade directly with big pension funds and insurance companies without treating them as clients, a distinction that reduces their legal and regulatory burden.
Now, with fewer than two years until the U.K. leaves the European Union, local trading firms are helping to showcase Amsterdam’s attractions. Chicago-based algo tradersRadix Trading LLC and Hard Eight Trading LLC have joined U.S. trading giants Tower Research Capital LLC and Quantlab in locating European operations in Amsterdam. Tradeweb LLC and MarketAxess Holdings Inc. — operators of financial markets popular with proprietary traders — are also putting jobs there…
Read more : Bloomberg, 23.08.2017