London — Chicago-based CBOE Global Markets will open an EU stock trading venue in Amsterdam in time for the UK’s departure from the bloc next March, adding to the Dutch city’s Brexit spoils. Success in attracting CBOE Europe, the largest pan-Europe stock exchange by market share, is a major win for Amsterdam and helps counter a trend for banks and funds to pick rival centres such as Frankfurt, Dublin and Luxembourg. London is Europe’s biggest securities trading centre and home to several pan-EU platforms including CBOE that must now rethink their cross-border set-up due to Brexit potentially fragmenting market access. Amsterdam has already won business from venues including Tradeweb and MarketAxess, wooed in part by the city’s connectivity speeds, which have made it popular with so-called high-frequency traders. London-based foreign-exchange and fixed-income trading platform NEX, which is being taken over by US exchange CME, is opening an EU base in the Dutch financial capital. New ...
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