CurtainRaiser Posted February 12, 2021 Share Posted February 12, 2021 Trading in a key euro-denominated derivatives market flooded out of London last month to rival financial centres in New York, Amsterdam and Paris, in the latest evidence of the blow dealt by Brexit to the UK financial centre. The trading of euro-denominated swaps in London dropped from nearly 40 per cent of the market last July to 10 per cent in January, according to a survey published by data provider IHS Markit on Thursday. The shift in the trading of these derivatives — often used by investors to hedge against moves in interest rates and currencies — is another setback for London, which gave up its status as Europe’s top share trading hub to the Dutch capital after it fully left the EU last month. https://www.ft.com/content/2f0b8870-c382-494e-afbe-4c56713fc78d?shareType=nongift Link to comment Share on other sites More sharing options...
Barryd999 Posted February 12, 2021 Share Posted February 12, 2021 Never mind. I am sure someone will be along shortly to show us some Brexit benefits. I hope so as so far its all been very very bad. Anyone? Link to comment Share on other sites More sharing options...
John52 Posted February 12, 2021 Share Posted February 12, 2021 Barryd999 - 2021-02-12 2:09 PM I am sure someone will be along shortly to show us some Brexit benefits. Anyone? He already has BoJo was occupied with Brexit so had nothing to do with vaccine development and rollout :-D Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 12, 2021 Share Posted February 12, 2021 CurtainRaiser - 2021-02-12 12:56 PM Trading in a key euro-denominated derivatives market flooded out of London last month to rival financial centres in New York, Amsterdam and Paris, in the latest evidence of the blow dealt by Brexit to the UK financial centre. The trading of euro-denominated swaps in London dropped from nearly 40 per cent of the market last July to 10 per cent in January, according to a survey published by data provider IHS Markit on Thursday. The shift in the trading of these derivatives — often used by investors to hedge against moves in interest rates and currencies — is another setback for London, which gave up its status as Europe’s top share trading hub to the Dutch capital after it fully left the EU last month. https://www.ft.com/content/2f0b8870-c382-494e-afbe-4c56713fc78d?shareType=nongift The clue is in the name ;-) ........."euro-denominated derivatives" :D ....... Link to comment Share on other sites More sharing options...
John52 Posted February 12, 2021 Share Posted February 12, 2021 pelmetman - 2021-02-12 3:57 PM CurtainRaiser - 2021-02-12 12:56 PM Trading in a key euro-denominated derivatives market flooded out of London last month to rival financial centres in New York, Amsterdam and Paris, in the latest evidence of the blow dealt by Brexit to the UK financial centre. The trading of euro-denominated swaps in London dropped from nearly 40 per cent of the market last July to 10 per cent in January, according to a survey published by data provider IHS Markit on Thursday. The shift in the trading of these derivatives — often used by investors to hedge against moves in interest rates and currencies — is another setback for London, which gave up its status as Europe’s top share trading hub to the Dutch capital after it fully left the EU last month. https://www.ft.com/content/2f0b8870-c382-494e-afbe-4c56713fc78d?shareType=nongift The clue is in the name ;-) ........."euro-denominated derivatives" :D ....... So it was bringing foreign currency into the UK, as well as providing jobs and tax revenue. Perhaps that might dawn on you when Dishi Rishi comes after you for the shortfall, and the difference between your NHS charges and mine becomes even greater :D Link to comment Share on other sites More sharing options...
CurtainRaiser Posted February 12, 2021 Author Share Posted February 12, 2021 pelmetman - 2021-02-12 3:57 PM CurtainRaiser - 2021-02-12 12:56 PM Trading in a key euro-denominated derivatives market flooded out of London last month to rival financial centres in New York, Amsterdam and Paris, in the latest evidence of the blow dealt by Brexit to the UK financial centre. The trading of euro-denominated swaps in London dropped from nearly 40 per cent of the market last July to 10 per cent in January, according to a survey published by data provider IHS Markit on Thursday. The shift in the trading of these derivatives — often used by investors to hedge against moves in interest rates and currencies — is another setback for London, which gave up its status as Europe’s top share trading hub to the Dutch capital after it fully left the EU last month. https://www.ft.com/content/2f0b8870-c382-494e-afbe-4c56713fc78d?shareType=nongift The clue is in the name ;-) ........."euro-denominated derivatives" :D ....... What you think because its got the word Euro in it? Oh dear. Rest of the article which you clearly didnt bother to read before posting, making yourself look daft and uninformed. "EU venues accounted for nearly a quarter of the euro swaps market in January, compared to less than 10 per cent in July last year. Trading on US marketplaces more than doubled to 20 per cent, IHS Markit found. The data showed the switch in swaps trading was owing largely to changing behaviour among interdealer brokers, which privately negotiate deals between banks. The derivatives are often traded on venues run by companies like TP ICAP and Tradition. This rapid reshaping of the market has been driven by a stand-off between London and Brussels, with each wanting to assert their supervision of this market segment. Both sides say the most actively traded swap contracts should be traded on venues they accept as having an “equivalent” standard. Without an agreement, London branches of EU banks have routed many of their deals through the US, whose standards are accepted by both sides. “This is what has caused a shift to the US venues, most markedly in euro swaps where the EU banks are,” said Enrico Bruni, head of Europe at Tradeweb, a swaps trading venue. An accord between regulators would reduce fragmentation in the market, he added. “However, as time continues and the market adapts to new post-Brexit environment, we feel equivalence will not be as much of a priority as it once was,” Bruni said, adding that fragmented trading “could become more of a reality in the future”. Over-the-counter derivative markets “are global in nature and very agile”, said Kirston Winters, managing director of MarkitSERV, the derivatives trade processing arm of IHS Markit. European regulators have also been keen to clamp down on the misuse of “reverse solicitation”, when EU-based institutional investors formally ask for advice and services from investment firms outside the bloc. Data from IHS Markit also showed a less pronounced shift away from London in trading between banks and fund managers, on platforms run by companies like Tradeweb, Bloomberg and CME Group." Link to comment Share on other sites More sharing options...
jumpstart Posted February 12, 2021 Share Posted February 12, 2021 Ahh.... its not so bad BBC News - Covid-19: Has the UK economy been hardest hit? https://www.bbc.co.uk/news/56042270 Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 12, 2021 Share Posted February 12, 2021 Fool EU enjoyed their first recession so much they've double dipped >:-) .......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted February 12, 2021 Author Share Posted February 12, 2021 pelmetman - 2021-02-12 7:25 PM Fool EU enjoyed their first recession so much they've double dipped >:-) .......... And saved more lives. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 12, 2021 Share Posted February 12, 2021 CurtainRaiser - 2021-02-12 7:27 PM pelmetman - 2021-02-12 7:25 PM Fool EU enjoyed their first recession so much they've double dipped >:-) .......... And saved more lives. More LOSER lies *-) .......... The home of the EU Belgium has a worse death than the UK ;-) ......... Perhaps the EU should have banned their staff from attending Gay orgies? >:-) ........ Link to comment Share on other sites More sharing options...
John52 Posted February 13, 2021 Share Posted February 13, 2021 pelmetman - 2021-02-12 7:34 PM CurtainRaiser - 2021-02-12 7:27 PM pelmetman - 2021-02-12 7:25 PM Fool EU enjoyed their first recession so much they've double dipped >:-) .......... And saved more lives. More LOSER lies *-) .......... The home of the EU Belgium has a worse death than the UK ;-) ......... Perhaps the EU should have banned their staff from attending Gay orgies? >:-) ........ There are 27 countries in the EU Why have you picked the one with the highest death rate? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 13, 2021 Share Posted February 13, 2021 John52 - 2021-02-13 9:29 AM pelmetman - 2021-02-12 7:34 PM CurtainRaiser - 2021-02-12 7:27 PM pelmetman - 2021-02-12 7:25 PM Fool EU enjoyed their first recession so much they've double dipped >:-) .......... And saved more lives. More LOSER lies *-) .......... The home of the EU Belgium has a worse death than the UK ;-) ......... Perhaps the EU should have banned their staff from attending Gay orgies? >:-) ........ There are 27 countries in the EU Why have you picked the one with the highest death rate? I haven't........San Marino has the worst, the UK is currently 4th behind Slovenia :-| .......... I picked on Belgium because its the home of the EU ;-) ............ Which proves that they're in no position to criticise anyone, seeing as what a almighty F*ck Up they have made of dealing with the Pandemic >:-) ........... Link to comment Share on other sites More sharing options...
mtravel Posted February 13, 2021 Share Posted February 13, 2021 pelmetman - 2021-02-13 10:46 AM I haven't........San Marino has the worst, the UK is currently 4th behind Slovenia :-| .......... I picked on Belgium because its the home of the EU ;-) ............ Which proves that they're in no position to criticise anyone, seeing as what a almighty F*ck Up they have made of dealing with the Pandemic >:-) ........... San Marino is not EU member... Link to comment Share on other sites More sharing options...
John52 Posted February 13, 2021 Share Posted February 13, 2021 pelmetman - 2021-02-13 9:46 AM I picked on Belgium because its the home of the EU ;-) ............ ? Belgium was one of 6 founder members including Germany Why didn't you pick them *-) Link to comment Share on other sites More sharing options...
Barryd999 Posted February 13, 2021 Share Posted February 13, 2021 Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 13, 2021 Share Posted February 13, 2021 John52 - 2021-02-13 11:05 AM pelmetman - 2021-02-13 9:46 AM I picked on Belgium because its the home of the EU ;-) ............ ? Belgium was one of 6 founder members including Germany Why didn't you pick them *-) Coz Belgium is the home of the EU *-) ........... When they're not on their pointless expensive Jollies to Strasbourg >:-) .......... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 13, 2021 Share Posted February 13, 2021 Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted February 13, 2021 Author Share Posted February 13, 2021 pelmetman - 2021-02-13 12:50 PM Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Silly Dave who doesn't understand that now the EU has done a deal with the USA for financial regulation equivalence that the remnants of the City financial institutions will complete their migration to Europe. Silly Dave who doesn't understand what the loss of those institutions will mean to our GDP. Silly Dave who even as Project Fear materialises in front of his eyes isn't prepared to admit that he fell for a bunch of lies on the side of busses. Silly Dave whose only defense is to shout "hater", "fatty", "loser", "woke" or any other pathetic form of abuse rather than deal with the facts of the argument. Silly Dave who obviously has never "won " anything in life before and is hanging on to his Brexit win like a abused housewife sticks with her abusive husband. Silly Dave, just silly Dave. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 13, 2021 Share Posted February 13, 2021 CurtainRaiser - 2021-02-13 1:19 PM pelmetman - 2021-02-13 12:50 PM Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Silly Dave who doesn't understand that now the EU has done a deal with the USA for financial regulation equivalence that the remnants of the City financial institutions will complete their migration to Europe. Silly Dave who doesn't understand what the loss of those institutions will mean to our GDP. Silly Dave who even as Project Fear materialises in front of his eyes isn't prepared to admit that he fell for a bunch of lies on the side of busses. Silly Dave whose only defense is to shout "hater", "fatty", "loser", "woke" or any other pathetic form of abuse rather than deal with the facts of the argument. Silly Dave who obviously has never "won " anything in life before and is hanging on to his Brexit win like a abused housewife sticks with her abusive husband. Silly Dave, just silly Dave. Now your just being a silly Yorkie :D .......... Ignoring the evidence because you hate the reality >:-) .......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted February 13, 2021 Author Share Posted February 13, 2021 pelmetman - 2021-02-13 2:50 PM CurtainRaiser - 2021-02-13 1:19 PM pelmetman - 2021-02-13 12:50 PM Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Silly Dave who doesn't understand that now the EU has done a deal with the USA for financial regulation equivalence that the remnants of the City financial institutions will complete their migration to Europe. Silly Dave who doesn't understand what the loss of those institutions will mean to our GDP. Silly Dave who even as Project Fear materialises in front of his eyes isn't prepared to admit that he fell for a bunch of lies on the side of busses. Silly Dave whose only defense is to shout "hater", "fatty", "loser", "woke" or any other pathetic form of abuse rather than deal with the facts of the argument. Silly Dave who obviously has never "won " anything in life before and is hanging on to his Brexit win like a abused housewife sticks with her abusive husband. Silly Dave, just silly Dave. Now your just being a silly Yorkie :D .......... Ignoring the evidence because you hate the reality >:-) .......... Fine, give me some evidence of the financial benefits of Brexit? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted February 13, 2021 Share Posted February 13, 2021 CurtainRaiser - 2021-02-13 2:55 PM pelmetman - 2021-02-13 2:50 PM CurtainRaiser - 2021-02-13 1:19 PM pelmetman - 2021-02-13 12:50 PM Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Silly Dave who doesn't understand that now the EU has done a deal with the USA for financial regulation equivalence that the remnants of the City financial institutions will complete their migration to Europe. Silly Dave who doesn't understand what the loss of those institutions will mean to our GDP. Silly Dave who even as Project Fear materialises in front of his eyes isn't prepared to admit that he fell for a bunch of lies on the side of busses. Silly Dave whose only defense is to shout "hater", "fatty", "loser", "woke" or any other pathetic form of abuse rather than deal with the facts of the argument. Silly Dave who obviously has never "won " anything in life before and is hanging on to his Brexit win like a abused housewife sticks with her abusive husband. Silly Dave, just silly Dave. Now your just being a silly Yorkie :D .......... Ignoring the evidence because you hate the reality >:-) .......... Fine, give me some evidence of the financial benefits of Brexit? No longer having to pay for the Not Fit for purpose EMA >:-) ......... (lol) (lol) (lol) ........... Link to comment Share on other sites More sharing options...
Bulletguy Posted February 13, 2021 Share Posted February 13, 2021 mtravel - 2021-02-13 10:32 AM pelmetman - 2021-02-13 10:46 AM I haven't........San Marino has the worst, the UK is currently 4th behind Slovenia :-| .......... I picked on Belgium because its the home of the EU ;-) ............ Which proves that they're in no position to criticise anyone, seeing as what a almighty F*ck Up they have made of dealing with the Pandemic >:-) ........... San Marino is not EU member... Well skewered! :D Link to comment Share on other sites More sharing options...
John52 Posted February 13, 2021 Share Posted February 13, 2021 pelmetman - 2021-02-13 3:48 PM CurtainRaiser - 2021-02-13 2:55 PM pelmetman - 2021-02-13 2:50 PM CurtainRaiser - 2021-02-13 1:19 PM pelmetman - 2021-02-13 12:50 PM Barryd999 - 2021-02-13 11:42 AM Even the Brexpress are running a story of how Biden will bypass the UK to deal with the EU. https://www.express.co.uk/news/politics/1396659/eu-news-joe-biden-amsterdam-us-uk-trade-latest-vn?fbclid=IwAR1PBEKdBFdUM7d4BqkNuN5VXvO4tOCAeAjAIygntzg5fgWkgU5oa_qg5Io UK is Billy no mates it seems. Where are the sunlit uplands and who is taking us there please? Silly Barry :D ............ Why would America want a EU base in Britain??? :-S .......... You do know we've left dont you? 8-) ........ (lol) (lol) (lol) .......... Silly Dave who doesn't understand that now the EU has done a deal with the USA for financial regulation equivalence that the remnants of the City financial institutions will complete their migration to Europe. Silly Dave who doesn't understand what the loss of those institutions will mean to our GDP. Silly Dave who even as Project Fear materialises in front of his eyes isn't prepared to admit that he fell for a bunch of lies on the side of busses. Silly Dave whose only defense is to shout "hater", "fatty", "loser", "woke" or any other pathetic form of abuse rather than deal with the facts of the argument. Silly Dave who obviously has never "won " anything in life before and is hanging on to his Brexit win like a abused housewife sticks with her abusive husband. Silly Dave, just silly Dave. Now your just being a silly Yorkie :D .......... Ignoring the evidence because you hate the reality >:-) .......... Fine, give me some evidence of the financial benefits of Brexit? No longer having to pay for the Not Fit for purpose EMA >:-) ......... (lol) (lol) (lol) ........... Does this mean you are not still paying the EU *-) 'cos you seem to have gone quiet about the divorce bill you weren't goin to pay *-) Link to comment Share on other sites More sharing options...
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