Amsterdam Targeting UK Banks

Frankfurt has the banks, and Paris has the culture, but for trading firms looking for a post-Brexit European home, Amsterdam may have the best attraction of all: a friendly regulator.The Dutch Authority for the Financial Markets already presides over the most important cluster of European proprietary trading firms — the high-speed giants of financial markets — outside the U.K. The Dutch regulator allows such firms to trade directly with big pension funds and insurance companies without treating them as clients, a distinction that reduces their legal and regulatory burden.Now, with fewer than two years until the U.K. leaves the European Union, local trading firms are helping to showcase Amsterdam’s attractions. Chicago-based algo traders Radix Trading LLC and Hard Eight Trading LLC have joined U.S. trading giants Tower Research Capital LLC and Quantlab in locating European operations in Amsterdam. Tradeweb LLC and MarketAxess Holdings Inc. — operators of financial markets popular with proprietary traders — are also putting jobs there.

Source: Amsterdam’s Secret Brexit Sauce Is a Friendly Regulator – Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.