A $240-Billion-a-Day Market Is Leaving London Ahead of Brexit
- Europe’s biggest repo trading venue is moving to Amsterdam
- BrokerTec is the first company to relocate an entire market
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The City of London is being dealt another Brexit blow.
CME Group Inc. is moving its European market for short-term financing, the largest in the region, out of London because the exchange operator wants to guarantee continental firms can continue to use it if there is a no-deal Brexit.