London Fights Back Against Europe's Post-Brexit Trading Grab
- Industry pleads for access to London equity trading venues
- EU plans will lead to fragmented trading landscape, AFME says
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The European Union faced mounting opposition to its policy restricting access to U.K. equity markets in a no-deal Brexit, with the world’s biggest banks, money managers and the London Stock Exchange Group Plc calling for the EU to reverse course.
At issue is a policy announced last week that would require EU investment firms to trade certain blue-chip shares including Vodafone Group Plc and Rio Tinto Plc on venues in the bloc. The vast majority of these transactions currently take place in London.