London-to-Moscow Migration Reversed as LSE Trading Jumps
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President Vladimir Putin’s incursion into Ukraine has stunted the Moscow exchange’s push to lure Russian equity traders away from London.
While average daily trading is surging in both places amid the crisis, investors are turning more to the U.K. to trade Russia’s largest companies. Average daily volume in 10 of the country’s biggest stocks was 46 percent higher in the U.K. than in Moscow over the past 30 days, according to data compiled by Bloomberg. That gap had vanished before Putin began taking Crimea from Ukraine a month ago.